AIR

By Mauro Orru

Shares of Atos SE jumped in Thursday morning trading after European plane maker Airbus SE made an offer to buy a minority stake in Atos's cyber business Evidian.

At 0840 GMT, Atos shares traded 8.8% higher at EUR12.84.

The French IT company said Thursday that Airbus's indicative offer is for a 29.9% stake in Evidian, though there is no guarantee that a deal will be reached. Atos said it would conduct a due diligence process, though it doesn't intend to grant any exclusivity to Airbus. It didn't elaborate on financial details.

"Combining Airbus's capabilities with Evidian's global leading position in managed security services and supercomputing would create a unique European actor in cybersecurity solutions and in the digitalization of the defense sector, public safety and critical national infrastructure," Atos said.

At the end of September, Atos rejected a letter of intent from French IT consultancy firm Onepoint and British private equity fund ICG for the potential acquisition of Evidian based on an enterprise value of 4.2 billion euros ($4.49 billion).

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

February 16, 2023 04:17 ET (09:17 GMT)

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