Exxon to Sell French Business to Canadian Firm ...Middle East

ExxonMobil intends to sell its 83% stake in its French business Esso SAF to Canada-based energy firm North Atlantic, the U.S. supermajor said on Wednesday. ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic’s French subsidiary for both the proposed sale of its 82.89% majority shareholder interest in Esso SAF and the proposed sale of ExxonMobil Chemical France SAS. The sale includes the Gravenchon refinery in Normandy, currently owned by Esso SAF and ExxonMobil Chemical France, and related assets. The final…

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