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News  ›  Benzinga

North Atlantic France SAS provides updates on the contemplated acquisition of a majority stake in Esso Société Anonyme Française SA

Benzinga Logo Benzinga By Globe Newswire
North Atlantic France SAS provides updates on the contemplated acquisition of a majority stake in Esso Société Anonyme Française SA

North Atlantic France SAS is proceeding with its acquisition of ExxonMobil's stake in Esso S.A.F., with the transaction expected to close on November 28, 2025. The company has obtained Turkish antitrust clearance and is awaiting French and EU regulatory approvals. Upon completion, Esso S.A.F. will be renamed 'North Atlantic Energies'.

Insights
JNJ   neutral

Mentioned as Kenvue's former parent with a strong dividend history, but not directly involved in the current merger


XOM   neutral

Selling its stake in Esso S.A.F. with a predetermined pricing mechanism, indicating a strategic business decision