Struggling IT firm Atos said on Monday that it had received a letter of intent from the French government including an offer to potentially take over some of its business.
Financially struggling Atos on Monday also said it would require substantially more cash than previously anticipated to fund its business through 2024 and 2025. As part of the deal, the French government would acquire Atos' advanced computing, mission-critical systems and cybersecurity product divisions, according to the letter of intent sent by the French state over the weekend. The offer was based on an indicative enterprise valuation between 700 million euros and 1 billion euros as part of the offer, the firm said.
Reuters reported that Le Maire said he was aiming for unspecified French companies to invest in Atos. Several discussions about deals to sell off parts of the business, including with Airbus and Czech billionaire businessman Daniel Kretinsky, have collapsed.