French Government Makes Offer for Part of Atos, Le Maire Says [BNN Bloomberg (Canada)]
AIRBUS SE UNSP/ADR (EADSY)
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Source: BNN Bloomberg
Le Maire didn't provide an offer price for the proposed deal, which includes the company's supercomputer, quantum computing and cyber products operations. The annual sales of those businesses are around €900 million ($962 million), according to his office. France's government intends to bring private companies into a consortium should the offer proceed, Le Maire said. He didn't specify which companies but said they would all be French. “The goal is that the strategic activities of Atos stay under exclusive French control,” Le Maire said on LCI television. Last week, Atos said it was seeking more cash and might need to further reduce its debt. The company had previously said it needed to raise about €1.2 billion of new money to fund the business through 2025 and cut debt by roughly half to €2.4 billion. Atos was one of France's premier tech companies before a series of setbacks — including accounting errors and profit warnings — left it on the verge of insolvency. When plans
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