Reuters first to report France's Thales considers move for Atos cybersecurity arm BDS; market reacts - Reuters News Agency
Business & FinanceDeals

Reuters first to report France’s Thales considers move for Atos cybersecurity arm BDS; market reacts

Reuters was first to report that French defense group Thales is working on a plan to buy the cybersecurity business of IT consultancy group Atos, as part of a $3 billion tie-up that would test the political determination for shoring up France’s digital defenses. Thales, which ranks as Europe’s largest defense electronics company, and its adviser Centerview Partners, have approached several private equity firms including Bain Capital to study a joint offer for Atos, which issued two profit warnings in seven months. Any deal involving buyout funds would likely trigger a break-up of Atos and raise political concern ahead of France’s presidential election in April.

Market Impact

Shares in Atos jumped 10% on the news while Thales’ stock was down 3%.



Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Aerospace & Defence
Regions: Europe
Countries: France
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
The logo of French defence and electronics group Thales is seen at the company's headquarters in Merignac near Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau
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