ATOS - comment

All the pieces appear to be falling into place for a definitive financial restructuring by July this year.  Atos today received a non-binding offer from the French state for the potential acquisition of BDS’s Advanced Computing, Mission-critical Systems and Cybersecurity Production Businesses.  This was well flagged and accepted in both Kretinsky’s and creditors’ proposals.  But the proposed enterprise value of €700m is at the lower end of the valuation range muted for the division.