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Atos to complete its transformation through the contemplated sale of Tech Foundations

Summary by Ground News
Atos has entered into exclusive negotiations with EPEI for the contemplated Sale of 100% of Tech Foundations. The contemplated Sale would result in a net cash positive impact of €0.1bn and the transfer of €1.9bn of on-balance sheet liabilities, leading to an enterprise value of €2.0bn. Atos SE would be renamed Eviden SE post transaction (“the Group”)
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thediplomat.rothediplomat.ro

Atos to complete its transformation through the contemplated sale of Tech Foundations

Atos SE to be renamed Eviden SE, benefitting from a strengthened capital structure, post transaction Atos to call an EGM to approve this comprehensive plan Atos contemplates to accelerate value creation and complete its strategic transformation and full separation of Eviden and Tech Foundations, as announced in June 2022Following an in-depth review of its options, Atos’ Board of Directors decided to enter into exclusive negotiations with EPEI fo…

·Bucharest, Romania
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thediplomat.ro broke the news in Bucharest, Romania on Friday, August 4, 2023.
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