The talks, announced with Kretinsky's EP Equity Investment (EPEI) vehicle, come on top of a 900 million-euro share-sale plan, aimed at further shoring up Atos' balance sheet, the company said.
The expected sale would bring in 100 million euros in cash and cut 1.9 billion euros worth of liabilities from the tech company's balance sheet, Atos said.
It gives an enterprise value of 2 billion euros to the sold division, named Tech Foundations.
Tech Foundations, whose activities generated 4.5 billion euros of revenue last year, offers infrastructure management services.
Following the sale of the tech unit, Atos will still rename as Eviden.
Persons:
Daniel Kretinsky, Atos, Nathalie Senechault, Paul Saleh, Mathieu Rosemain, Sudip Kar, Edmund Klamann, Sharon Singleton
Organizations:
PARIS, Kretinsky's, Equity Investment, Tech Foundations, Tech, Casino, Thomson
Locations:
Czech, Paris, French, France