Billionaire Kretinsky Eyes Atos Unit in Latest French Deal
- Negotiations value business at €2 billion including debt
- Remaining business will be renamed Eviden after deal closes
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Atos SE has begun exclusive discussions to sell a legacy division to a private equity firm run by Czech billionaire Daniel Kretinsky, taking another step toward an overhaul that will split the European software firm.
Atos is in talks to offload the Tech Foundations business to Kretinsky’s EP Equity Investment, the company said in a statement on Tuesday. As part of a deal under negotiation, Atos will get €100 million ($110 million) in cash and transfer €1.9 billion in debt to the buyer, it said.