By Benjamin Chiou
Date: Wednesday 03 Jan 2024
LONDON (ShareCast) - (Sharecast News) - French aerospace giant Airbus is in early discussions to purchase a big data and cyber business from Atos for up to €1.8bn, the IT group announced on Wednesday.
Airbus had previously attempted to buy a minority stake in the Atos division Eviden, which houses the BDS unit in question along with its cloud-computing activities, but the deal faced investor obstacles.
Atos has now confirmed that Airbus is entering due diligence over a potential sale of BDS that gives it an enterprise value of between €1.5bn to €1.8bn.
Airbus is wanting to beef up its defence and security operations, while Atos is looking for help to cut its debtload with €2.25bn maturing in 2025.
Separately, Atos said it is still in talks with EP Equity Investment to offload its Tech Foundations unit and hasn't ruled out any other additional disposals.
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Currency | Euro |
Share Price | 140.16 |
Change Today | 0.42 |
% Change | 0.30 % |
52 Week High | 171.60 |
52 Week Low | 126.34 |
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Beta | 1.05 |
Strong Buy | 7 |
Buy | 10 |
Neutral | 5 |
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Time | Volume / Share Price |
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17:39 | 110 @ 140.16 |
17:39 | 250 @ 140.16 |
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