Atos receives non-binding offer from the French State to acquire its Advanced Computing activities for an enterprise value of €500 million and up to €625 million including earn-outs
Press Release Atos receives non-binding offer from the French State to acquire its Advanced Computing activities for an enterprise value of €500 million and up to €625 million including earn-outs Exclusive negotiations with the French State for the potential acquisition of 100% of BDS's Advanced Computing activities Proposed enterprise value of €500 million and up to €625 million including earn-outsPrevious non-binding offer sent by the French State was on a wider perimeter including Mission Critical System and Cybersecurity Products businesses, in addition to the Advanced Computing businessExclusivity granted until May 31, 2025Target to sign a Share Purchase Agreement by May 31, 2025 upon reception of customary commercial, employee and administrative authorizationsInitial payment of €150 million to be made available upon signing of the Share Purchase Agreement Commitment to launch a formal sale process for BDS's Mission-Critical Systems and Cybersecurity Products businesses Impact of the sale of Advanced Computing on the current financial restructuring process and timetable 2027 financial leverage1 expected to be between 1.8x and 2.1x depending on the outcome of the ongoing €233 million rights issueSupplement to the prospectus relating to the ongoing €233 million rights issue to be filed with the French Autorité des Marchés Financiers ("AMF”), in accordance with applicable regulationsSubscription period of the ongoing rights issue to be extended, in accordance with the indicative timetable that will be included in the supplementIndicative closing date of the financial restructuring transactions still planned by year-end or early January 2025 Paris, France – November 25, 2024 – Further to its press release dated October 7, 2024, Atos SE ("Atos” or the "Company”) announces it has received a non-binding offer from the French State for the potential acquisition of 100% of the Advanced Computing activities of its BDS division, based on an enterprise value of €500 million, to be potentially increased to €625 million including earn-outs.
The Company will continue to inform the market in due course of the next steps of its financial restructuring.* Atos SE confirms that information that could be qualified as inside information within the meaning of Regulation No.596/2014 of 16 April 2014 on market abuse and that may have been given on a confidential basis to its financial creditors has been published to the market, either in the past or in the context of this press release, with the aim of reestablishing equal access to information relating to the Atos Group between the investors.*** Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements.
Impact of the sale of Advanced Computing on the current financial restructuring process and timetable The accelerated safeguard plan, approved by the classes of affected parties on 27 September 2024 and by the specialized commercial court of Nanterre on 24 October 2024, included the possibility of the disposal of the Group’s Advanced Computing activities.
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