on ESSO (EPA:ES)
ESSO sells its refining activities to Rhône Energies
Esso SAF has completed the sale of its refining and logistics operations in the South of France to Rhône Energies. This transaction includes the Fos-sur-Mer refinery, as well as the Toulouse and Villette-de-Vienne depots. The personnel linked to these sites are transferred under the authority of Rhône Energies.
The Fos refinery, with an annual capacity of 7 million tonnes, will officially be managed by Rhône Energies from November 1, 2024. The total amount of the transaction reaches 130 million dollars, with a closing payment of 526 million including inventories.
Despite this sale, Esso continues to supply the French market. The company is committed to remaining a key player in the energy sector in the region.
R. H.
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