The French government has offered to buy a part of the troubled company Atos.
The government is eyeing Atos’ big data and cybersecurity division. It wants to purchase all of Atos’ Advanced Computing, Mission-Critical Systems, and Cybersecurity Products activities for €700 million (£589.9 million).
This move follows a letter of intent from April, in which the French state showed interest in buying some BDC assets to keep them in France if Atos fails.
Atos’ leaders are looking at the offer but haven’t promised anything final yet.
As reaffirmed in its announcement to the Paris Stock Exchange today, Atos is steadfast in its aim to finalize a comprehensive financial restructuring deal with the Onepoint group and its lenders by July 2024, a crucial step towards ensuring the company’s long-term financial stability.
Also, this week, Atos agreed to a restructuring plan from the Onepoint group and its creditors. This plan would turn €2.9 billion of debt into company shares.
After considering different options from the two groups, Atos chose this plan. This decision will significantly reduce the value of current Atos shares, leaving shareholders with less than 0.1 per cent of the company.
This nationalisation and financial restructuring might end Atos’s troubles. In July 2023, it started considering splitting and selling to EPEI.
