The French 🇫🇷 state has made a takeover bid for parts of the struggling IT company Atos
$ATO (+4.76%) in particular for the supercomputingwhich is valued at approx. 500 million euros.

Finance Minister Antoine Armand called the talks a decisive step towards restructuring.

Atos is struggling with management problems and strategic mistakes.

Particularly affected is the cyber security division BDS with around 4,000 employees.

Following a financing package, the company is to be relieved of debt, with creditors receiving up to 99 percent of the company. -Handelsblatt

Photo: Atos