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.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE