Finance minister says government has interests in IT giant's 'sovereign activities'
The French government has tabled an offer to buy key assets of ailing IT giant Atos after the company late last week almost doubled its estimate of the cash it will need to stay afloat in the near future.
France's Minister of Economics and Finance, Bruno Le Maire, said in an interview with news channel LCI that Atos is involved in IT projects for the military and other parts of the state, so the government was keen to ensure these did not fall under the control of foreign-owned entities. Atos welcomed the letter of intent, and reiterated that this would protect the sovereign strategic imperatives of the French state.of the"sovereign activities" of the Atos group, but the French finance ministry denied at the time that the government was considering any such move.
The key parameters of its financial restructuring framework are not affected by the letter of intent, Atos claimed. If an agreement is reached with the French state, it does not expect to see the proceeds from the transaction before the second half of 2025. However, such proceeds would be available for early repayment of potential new money instruments as part of the financial restructuring package, it added.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New twist in case of missing Emile Soleil as chilling theory emergesEmile’s disappearance in the isolated French hamlet of Haut-Vernet shocked France.
Read more »
Atos hopes for lifeline as refinancing saga set to drag on into MayStruggling French tech giant posts disappointing Q1 results
Read more »
Russian Honeytrap Plots Fail on French Spies Due to Casual Flings, Documentary RevealsA bombshell documentary uncovers that Russian honeytrap plots do not work on French spies due to their numerous casual flings. French spies reveal that Russians tried to force them to switch sides by threatening to expose their romances to their wives. The documentary also explores the Directorate-General for External Security (DGSE) and former French spy chief Bernard Emié's claims about France's awareness of Russia's invasion of Ukraine.
Read more »
Manchester United against proposed changes to Premier League finance rulesManchester City are reportedly also opposed to the proposals.
Read more »
Manchester United against proposed changes to Premier League finance rulesManchester City are reportedly also opposed to the proposals.
Read more »
Student finance system 'open to fraud' according to Parliamentary reportThe current student finance system is open to fraud, presenting risk to both students and taxpayers, according to a Parliamentary report published today.
Read more »