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The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. Mustier, credited with restoring UniCredit's capital strength, will be tasked to revive investors' trust after a governance crisis and a series of setbacks pummelled Atos' shares, now trading at near record lows. Atos shares jumped by more than 20% in early Paris trading but reversed course in the morning. The planned sale of Atos's loss-making legacy IT operations, dubbed Tech Foundations, to Kretinsky is opposed by some minority shareholders and several French politicians. Atos on Monday reiterated the plan to sell Tech Foundations to Kretinsky under the terms announced in August, although it signalled some of the financial terms could change.
Persons: Benoit Tessier, Bertrand Meunier, Kretinsky, Jean, Pierre Mustier, Daniel Kretinksy, Atos, Mustier, pummelled Atos, Kretinsky's, Mathieu Rosemain, Pierre John Felcenloben, Christian Schmollinger, Navaratnam, Louise Heavens Organizations: REUTERS, Tech Foundations, Tech, Atos, Kretinsky, Thomson Locations: Villepinte, Paris, France, Czech, Kretinsky, Eviden, French, Atos
Home to assets deemed strategic by the French government, Atos is striving to regain investor confidence after several setbacks, heavy losses and sharp stock swings precipitated by governance instability. Eviden groups Atos' most coveted assets such as cybersecurity division BDS and supercomputers, fuelling speculation about interest from other players in the cybersecurity field, such as Thales (TCFP.PA). First-quarter revenue was up 2.8% from a year earlier to 2.81 billion euros ($3.11 billion), beating the analyst consensus provided by the company. Atos said its much-expected shareholder meeting would take place on June 28, amid strong criticism from some investors of board chairman Bertrand Meunier. ($1 = 0.9047 euros)Reporting by Mathieu Rosemain; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
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