NAENorth Atlantic Energies
76.30EUR+1.87%Mkt Cap: 1.06B $P/E:

North Atlantic Energies engages in refining activities in France. The company offers energy products, such as essences, diesel fuel, domestic fuel oils, and marine fuels; and specialty products, including base oils, fini…

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North Atlantic Energies Ownership Shake Up Puts Minority Exit Terms In Focus

North Atlantic France has acquired ExxonMobil's entire stake in North Atlantic Energies (ENXTPA:NAE). The new majority owner plans to launch a simplified tender offer for remaining shares. A squeeze out procedure may follow, which could result in the company becoming privately held. For investors, this is a major ownership shift at a company whose shares last closed at €78.4. ENXTPA:NAE has delivered a 49.8% return over the past week, 86.3% over the past month and 73.9% year to date, with a...

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