Allen & Overy Shearman (A&O Shearman) and Bredin Prat are steering the exclusive negotiations for the sale of ExxonMobil’s refining operations in France. A&O Shearman is advising ExxonMobil, while Bredin Prat is representing Canadian energy company North Atlantic. The transaction, which involves the acquisition of an 82.89% stake in Esso Société Anonyme Française and 100% of ExxonMobil Chemical France SAS, is estimated to be valued at approximately $2.05 billion.
The talks focus on North Atlantic’s strategic acquisition plans in France, representing a significant move in energy asset management and international business strategy.
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