March 19, 2024 at 08:39AM
Atos’ share price dropped by 20% after Airbus confirmed it is no longer interested in buying Atos’ big data and security (BDS) parts. The Paris-headquartered tech company is evaluating strategic alternatives after the dissolution of the sale talks. The saga continues as previous attempts to restructure and sell parts of the business have not succeeded.
From the meeting notes, it is clear that Atos’ share price plummeted by 20 percent after Airbus confirmed it is no longer interested in purchasing the big data and security (BDS) parts of the company. As a result, Atos is rescheduling its 2023 earnings release to evaluate strategic options. The company is actively exploring alternatives that consider the sovereign imperatives of the French state. This development comes after previous failed discussions, including a plan to split the business in 2022 and subsequent breakdowns in talks with potential buyers. The urgency to resolve this situation is heightened by upcoming debt repayments, as the company’s value has significantly diminished.