The French government has confirmed a 700 million euro ($748 million) offer for key assets of ailing IT services giant Atos, after the company accepted a restructuring deal earlier this week.
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Atos, which has struggled with debt, declining revenue and rising losses in recent years, said it received a non-binding confirmatory offer from the French state following earlier discussions between the two.
The French government issued a letter of intent in April regarding the potential acquisition of key assets from Atos from its Big Data & Security (BDS) division, to keep them under French control in the event of Atos' collapse.
These assets include the Advanced Computing, Mission-Critical Systems and Cybersecurity activities of the company's BDS (Big Data & Cybersecurity) division, which is involved in IT projects for the French military and other parts of the state.
