France's Esso shares climb as North Atlantic finalises ExxonMobil stake purchase

Shares in ExxonMobil's XOM.N French subsidiary Esso ESSF.PA jumped 18% after North Atlantic announced the final pricing of its contemplated acquisition of ExxonMobil's stake in the group

On Tuesday North Atlantic announced the final purchase price for the acquisition of ExxonMobil's stake in Esso, at 26.19 euro ($30.54) per share

The price North Atlantic would pay to minority shareholders of Esso as part of the tender offer would be 28.93 euro per share

The transaction is expected to close on November 28 this year, North Atlantic said

Share on track for a best day since March 21, if gains hold

($1 = 0.8575 euros)