French IT behemoth Atos facing calls for nationalization as it tries to restructure

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French IT behemoth Atos facing calls for nationalization as it tries to restructure
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Politicians fear sale will place critical infrastructure in hands of foreign company

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According to reports, Olivier Marleix from the conservative Les Republicans and the Socialist Party's Philippe Brun have tabled amendments to the French budget bill for 2024 calling for at least a temporary state takeover of Atos, citing national security.:"On Wednesday, I will propose to the Assembly's Finance Committee the temporary nationalization of the 'sovereign' activities of the Atos group, currently being dismantled – to be carried out.

Shares in Atos have now fallen by more than 90 percent over the past three years according to some estimates, and the company last year launched an"Under the plans, the Digital, Big Data and Security business lines were grouped into a subsidiary known as Eviden - initally branded Evidien - while the Atos Tech Foundations business line, comprising Datacenter and Hosting, Digital Workplace, Unified Comms, and Business Process Outsourcing would continue as Atos.

Brun said on social media that as special rapporteur of the Finance Committee, he was proposing the"temporary nationalization" of both strategic divisions of Atos before they were sold off.

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