ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic France SAS for both the proposed sale of its 82.89% majority shareholder interest in Esso Soci\u00e9t\u00e9 Anonyme Fran\u00e7aise SA (Esso S.A.F.) as well as the proposed sale of ExxonMobil Chemical France SAS.<\/p>\n
With the exception of those part of the previously announced redundancy plan, all of the approximately 1350 employees in France will be retained and remain on the same employment terms and conditions.<\/p>\n
\u201cExxonMobil has been operating in France for over 120 years and we plan to maintain a significant commercial presence with the Esso brand at around 750 retail sites across the country,\u201d said Tanya Bryja, Senior Vice President of ExxonMobil Product Solutions. \u201cFrance remains an important market for us, and we will continue to support customers with sales of chemicals, finished lubricants, base stocks, synthetics, and other specialty products as well.\u201d<\/p>\n
\u201cThis is a pivotal moment for North Atlantic as we enhance our transatlantic presence and commitment to energy security through energy solutions aligned with global energy needs,\u201d added Ted Lomond, President and CEO of North Atlantic. \u201cWe are eager to consolidate Gravenchon\u2019s role as a vital centre of French energy and industry for decades to come and grow North Atlantic into a premier transatlantic energy company.\u201d<\/p>\n
ExxonMobil continually evaluates its business globally and the proposed sale is aligned with its business strategy.<\/p>\n
Europe is an important region for ExxonMobil where there will continue to be a meaningful presence.<\/p>\n
Esso S.A.F. and ExxonMobil Chemical France remain fully committed to continuing safe, reliable operations in France and to meeting all supply obligations for their customers through the transition.<\/p>\n
Read the article online at: https:\/\/www.hydrocarbonengineering.com\/gas-processing\/28052025\/exxonmobil-to-sell-subsidiary-to-north-atlantic-france\/<\/p>\n","protected":false},"excerpt":{"rendered":"ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic France SAS for both the proposed sale…\n","protected":false},"author":2,"featured_media":139674,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5309],"tags":[60630,60632,2000,299,6085,36,5435,60633,60631,2661,28137,5444,60634],"class_list":{"0":"post-139673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-france","8":"tag-esso-s-a-f","9":"tag-esso-socit-anonyme-franaise-sa","10":"tag-eu","11":"tag-europe","12":"tag-exxonmobil","13":"tag-france","14":"tag-gas","15":"tag-lubricants","16":"tag-north-atlantic-france","17":"tag-oil","18":"tag-oil-and-gas","19":"tag-petrochemicals","20":"tag-synthetics"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114587515171498796","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/139673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=139673"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/139673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/139674"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=139673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=139673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=139673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}