The French government has expressed interest in acquiring Atos' cyber and computing assets, including its sovereign activities, aiming to keep strategic activities under France's control, with a bid range of 700 million to 1 billion euros. Atos, facing financial challenges with a net debt of 3.9 billion euros, confirmed receiving a letter of intent, triggering a due diligence phase, while the French State Holdings Agency is overseeing the process
Atos, a key player in managed security services, saw its shares surge by 19% following the announcement, with plans to use the proceeds for financial restructuring, including debt repayment, as the company still aims to restructure its debt by July. ```https://www.bankinfosecurity.com/french-government-bids-on-atos-cyber-computing-assets-a-24965