French tech company Capgemini to sell US unit linked to ICE [Yahoo! Finance]
CAPGEMINI SE UNSP/ADR (CGEMY)
NASDAQ:AMEX Investor Relations:
investors.capgemini.com
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Source: Yahoo! Finance
said on Sunday, after coming under pressure to explain ?a contract the latter signed with U.S immigration enforcement agency ICE. French lawmakers, including Finance ?Minister Roland Lescure, had asked the company to shed light the contract amid concern over the tactics used by ICE agents following the fatal shooting of two U.S. citizens in Minnesota last month. "Capgemini considered that the ?usual legal constraints imposed in ?the United States on contracting with federal entities conducting classified activities did not allow the Group to exercise ?appropriate control over certain aspects of this subsidiary's operations in order to ensure alignment with the Group's objectives," it said in a statement. CapGemini said the process ?of divestment would be "initiated immediately" but did not say whether the ?sale was due to CGS' contract with ICE. CGS accounts for 0.4% of the CapGemini's estimated revenue in 2025 and less than 2% of its revenue in the United States, the group sa
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