Atos - comment

The French state, determined to buy the Advanced Computing segment from Atos, has resubmitted a non-binding offer of €500m with exclusivity granted until the end of May 2025.  For background, The French state had previously submitted a non-binding bid of €700m for a larger segment of the BDS business on June 14th.  The previous bid expired on October 4th, but the statement confirming the expiry noted, discussions were still ongoing.   The current bid, of €500m does not include the Cybersecurity and Mission Critical segments, both of which will now be subject to separate formal sales processes.  

This bid slightly delays the rights issue timetable.  However, the Company are still working towards closing the financial restructuring by year-end or early January 2025.