Cybersecurity
Atos Shares Drop After Airbus Deal Talks Disappoint Investors
- Deal would value the unit at as much as €1.8 billion
- Atos is selling off assets as it faces hefty debt repayments
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Atos SE shares fell after the company’s announcement that it was in early talks to sell its big data and cybersecurity business to Airbus SE for as much as €1.8 billion ($2 billion) disappointed investors.
The embattled French technology company’s statement “gives the impression of a step backwards for Atos,” analysts at Oddo BHF said in a note on Wednesday. “More options are being considered, but none is certain to succeed, which in our view increases the overall level of uncertainty.”