SpaceWar.com - Your World At War
France makes 700-mn-euro offer for Atos security units
Paris, June 14 (AFP) Jun 14, 2024
Debt-laden tech group Atos said Friday the French state has made a 700-million-euro bid for its most sensitive businesses, including cybersecurity and the supercomputers used for the country's nuclear deterrent.

The offer, equivalent to $750 million, comes after Paris said it would not allow the French company's strategic activities from being taken over by foreign actors.

Atos said in a statement that its board and management "will discuss this proposal with the French State, noting that no assurances can be made that the parties will successfully negotiate and enter into a definitive agreement".

The French state is seeking to acquire the group's activities in advanced computing, mission-critical systems and cybersecurity.

It also comes three days after Atos chose a financial rescue offer from its main shareholder, French-owned IT consultancy Onepoint, over a bid from Czech billionaire Daniel Kretinsky.

Atos, which holds contracts with the French army and is the IT partner for the Paris Olympics, is sagging under almost five billion euros of debt.

pr/may/lth/ach

Atos


ADVERTISEMENT




Space News from SpaceDaily.com
Space station reaches new record with all docking ports in use
Cosmic rays drive urgent search for better protection before crewed trips to Mars
The Dos and Don'ts You Need to Keep in Mind When Playing Online Casino Games

24/7 Energy News Coverage
Norway postpones deep-sea mining activities for four years
Rehabilitation of complex and degraded areas for solar power plants: project implementation experience in Ukraine
In Data Center Alley, AI sows building boom, doubts

Military Space News, Nuclear Weapons, Missile Defense
Arms makers see record revenues as global tensions fuel demand
Iridium wins five year US Space Force contract to upgrade EMSS infrastructure
LEO internet satellites bolster navigation where GPS is weak

24/7 News Coverage
Flood-hit Asia regions saw highest November rains since 2012: AFP analysis
How deforestation turbocharged Indonesia's deadly floods
Landslides turn Sri Lanka village into burial ground; Tea mountains become death valley



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.