French state offer to buy strategic parts of Atos boosts shares


FILE PHOTO: A view of the logo of French IT consulting firm Atos on a company's building in Nantes, France, April 22, 2024. REUTERS/Stephane Mahe/File Photo

PARIS (Reuters) -French IT firm Atos put a price tag on a state offer to take over strategic parts of the company on Monday, boosting its shares, but also said it would need almost twice as much cash as estimated earlier this month to stay afloat.

The French government sent a letter of intent to the company over the weekend, offering to acquire assets deemed to have strategic importance including Atos's Advanced Computing, Mission-Critical Systems and Cyber Products.

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