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Airbus signs cybersecurity division at Atos – March 19, 2024 at 10:26 am

Airbus signs cybersecurity division at Atos – March 19, 2024 at 10:26 am

MUNICH (Reuters) – European planemaker Airbus does not want to buy the BDS cybersecurity division of struggling French IT group Atos.

Airbus said in a brief statement on Tuesday that it had reached the conclusion not to continue negotiations with Atos “after careful consideration of all aspects of the potential acquisition.” Atos had hoped to raise between 1.5 and 1.8 billion euros from the sale of its Big Data and Security (BDS) division. It's another setback for the company's restructuring: talks with Czech billionaire Daniil Kretinsky about selling the loss-making consulting division of Tech Foundations have already failed.

Thus, Atos primarily wanted to get rid of debts worth 1.9 billion euros. Atos has already backed away from the plan to engage the busy investor in a capital raise. Atos eventually canceled the capital increase and announced talks with banks about restructuring its €4.7 billion debt.

On Tuesday, Atos again postponed its balance sheet submission scheduled for Wednesday due to the failure of talks with Airbus. “Atos is analyzing the new situation and actively studying strategic alternatives,” it said in a statement.

(Reporting by Alexander Hübner; Collaboration: Olivier Sorgot; Editing by Ralf Bancer; If you have any questions, please contact our editorial team at [email protected] (for politics and economics) or [email protected] (for business and markets) .)

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