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French Gov't To Seek “National Solution” To Protect Strategic Atos Ops

TECHNOLOGY
  • Atos share price fell 19% yesterday on the news that Airbus had walked away from talks to acquire their cybersecurity unit. Their EUR 27s fell by EUR 7.30 to EUR 23.20.
  • The French government announced last night that it is talking to stakeholders including both management and creditors.
  • “The State will build in the coming weeks a national solution for the protection of strategic activities. All the interests of France will be preserved. Bruno Le Maire will use all means at his disposal to guarantee the protection of strategic activities.”
  • The company had been due to report FY earnings today but has delayed the release – the company had in January indicated it would hit miss it’s FCF outlook of EUR ~1bn by EUR ~100mn.

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