Atos’ cybersecurity arm shouldn’t be up on the market, spokesperson says

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By Mathieu Rosemain



FILE PHOTO: People walk in front of the Atos company's logo during a presentation of the new Bull sequana supercomputer in Paris


© Reuters/Philippe Wojazer
FILE PHOTO: Folks stroll in entrance of the Atos firm’s brand throughout a presentation of the brand new Bull sequana supercomputer in Paris

PARIS (Reuters) – The cybersecurity BDS division of France’s Atos is ‘not up on the market’, a spokesperson for the IT consulting agency mentioned on Thursday, after sources mentioned defence firm Thales was engaged on a possible provide.

Sources informed Reuters on Wednesday that French firm Thales was engaged on a plan to purchase the cybersecurity enterprise of IT consultancy group Atos, in a possible $3 billion tie-up prone to take a look at the political willpower for shoring up France’s digital defences.

Atos shares jumped by greater than 10% on the information. They had been down by 2.1% at 0822 GMT.

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“BDS shouldn’t be on the market,” Atos’ spokesperson mentioned. “We’re targeted on our turnaround plan and we’re satisfied of the appreciable turnaround potential of the group.”

Thales, which ranks as Europe’s largest defence electronics firm, and its adviser Centerview Companions have approached a number of non-public fairness companies together with Bain Capital to discover a doable joint provide as a part of a deal that will contain a posh break-up of Atos, the sources mentioned.

Thales mentioned after market shut on Wednesday that it was “probably ” in any cybersecurity asset up on the market and that there have been no talks underway with Atos.

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(Reporting by Mathieu Rosemain; Extra reporting by Tim Hepher; Enhancing by Sudip Kar-Gupta and Elaine Hardcastle)