Atos - comment

The option held by the French state to acquire the Advanced Computing, Mission-Critical Systems and Cybersecurity Products businesses of BDS has expired with no agreement.  Strangely, the wording of the press release states Atos have sent a revised proposal to the French state (as opposed to the other way round) but no details have emerged on the contents.  The French State has already received protection rights granted as planned over sovereign and sensitive activities via the issuance by year-end of a preferred share (action de préférence) by Bull SA.

The completion of the sale is now in doubt, but the completion of the financial restructuring is not.  The vote was completed in late September with the hearing before the specialised Commercial court for approval of the plan expected on October 15th.