(Boursier.com) — The group Atos announces the end of discussions with the company EP Equity Investment (EPEI) of Czech businessman Daniel Kretinsky regarding the proposed sale of its Tech Foundations division.
“As part of the exclusive negotiations with EP Equity Investment for the sale of Tech Foundations announced on August 1, 2023, the parties did not reach a satisfactory mutual agreement,” explained Atos management.
The two parties therefore “ended by mutual agreement the discussions as well as the put agreement, without any compensation from either side”.
At the beginning of August 2023, the IT group announced the opening of discussions with Daniel Kretinsky for the takeover of Tech Foundations. But the talks came to an end after the appointment of a new president of Atos last October, replacing Bertrand Meunier.
The initial plan provided for the takeover of the company by Daniel Kretinsky for €100 million in cash, the transfer of €1.9 billion of commitments to the balance sheet and a 7.5% stake in the new company Eviden, formed with the activities remaining in cybersecurity.
Atos had also planned to transfer hundreds of millions of euros in working capital to Tech Foundations, which led to an outcry from several shareholders.
Tech Foundations employs 52,000 people and generates more than half of Atos’ turnover.
The Atos Group specifies that it will continue to manage Tech Foundations and Eviden as two separate activities with a coordinated commercial strategy…
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