France’s Atos says several players eyeing its Tech Foundations business – Reuters

by | Oct 24, 2022 | Business

PARIS, Oct 24 (Reuters) – French technology consultancy company Atos (ATOS.PA) said on Monday it had been approached by several players interested in buying its Tech Foundations business.”Following rumors in the French press, Atos confirms that, since the presentation of its separation plan at the CMD on June 14, the company has been approached by several players interested in a potential acquisition of its Tech Foundations business,” Atos said in a statement.”The possibility that such a mark of interest results in a transaction is very uncertain,” it added, without naming any of the interested parties.Register now for FREE unlimited access to Reuters.comRegisterFrench newsletter La Lettre de L’Expansion reported earlier on Monday that private equity firms Apollo Global Management Inc (APO.N) and Cerberus Capital Management [RIC:RIC:CBS.UL] had expressed interest in the Atos unit but that they didn’t put a price tag on the assets.Cerberus did not immediately reply to requests seeking comment, while Apollo declined to comment. Atos declined to confirm that Apollo and Cerberus were among the interested parties.Shares in Atos rose 4.5% in early trading before trimming the gains to trade 0.5% up at 0950 GMT.Atos reorganised its business around three divisions earlier this year, with the Tech Foundations unit grouping activities that the company defines as approaching maturity, such as data centres and business process outsourcing.The two other divisions are Digital and Big Data & Security, with the latter hitherto seen as the more appealing for possible takeover interest.Register now for FREE unlimited access to Reuters.comRegisterReporting by Dominique Vidalon and Mathieu Rosemain, editing by Silvia Aloisi, editing by Richard Lough and Emeia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles. …

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