French state makes offer to buy part of Atos' former Advanced Computing unit
PARIS (Reuters) -The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former Advanced Computing business of tech company Atos, said Atos on Monday.
Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors.
Atos said the French state's offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis.
It added that its Vision AI businesses did not form part of the planned deal with the French government, and that Vision AI would be repositioned within Atos' Eviden business unit.
($1 = 0.8792 euros)
(Reporting by Mathieu Rosemain and Sudip Kar-Gupta; Editing by Sonali Paul and Kim Coghill)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
32 minutes ago
- The Star
Visits to Italy, France and Brazil achieved key objectives, says PM Anwar
RIO DE JANEIRO: Prime Minister Datuk Seri Anwar Ibrahim said Monday (July 7) that his official visits to Italy, France and Brazil have successfully met their intended objectives. Besides reinforcing bilateral ties, he said the visits also contributed to efforts to attract investments and boost Malaysia's trade relations. Speaking at a press conference at the conclusion of the three-nation visit which began in Italy on July 1, he said it also raised Malaysia's visibility in its capacity as Asean Chair for 2025. He underscored that the mission opened up wider networks for Malaysian companies to expand internationally. The visit to Italy alone generated over RM8bil in potential investments, while the engagements in France brought in RM4bil. Anwar was accompanied by five Cabinet ministers - Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Defence Minister Datuk Seri Mohamed Khaled Nordin, and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. Deputy Minister of Energy Transition and Water Transformation Akmal Nasrullah Mohd Nasir was also part of the delegation. The Prime Minister was also joined by a business delegation comprising representatives from leading Malaysian corporates and innovative enterprises, including Petronas, Khazanah Nasional Bhd, Tenaga Nasional Berhad (TNB), Maybank, FGV, YTL Power and Sunway. Anwar's inaugural official visit to Italy came at the invitation of Italian Prime Minister Giorgia Meloni, aimed at deepening bilateral relations across a broad range of sectors. While investment and trade were key priorities, Anwar, who is also Finance Minister, said the trip also provided an opportunity to address geopolitical issues. Anwar stressed that Malaysia's firm stance on humanitarian issues in the Middle East was conveyed clearly, especially on the situation in Gaza and attacks on Iran. He noted that Meloni, French President Emmanuel Macron, and Brazilian President Luiz Inacio Lula da Silva were aligned in their calls to end the violence in Gaza, which has reportedly claimed some 56,000 lives. "Macron has already issued his statement. As for Meloni, she agreed on the need to stop the attacks. She specifically mentioned Israeli aggression and supports peace efforts and the two-state solution, meaning she recognises Palestine as a state," said Anwar. Responding to claims that the visits benefited European nations more - particularly in relation to aircraft purchases - Anwar said the deals would yield long-term benefits for Malaysia. "These aircraft orders were made by airlines, including AirAsia and Malaysia Airlines, but the government also wants the country to benefit," he explained. Malaysia, he said, is seeking to position itself as a hub for aircraft manufacturers such as Airbus and Embraer, particularly in areas like maintenance, repair and overhaul (MRO), training, and supply chain activities. In Brazil, during the 17th BRICS Leaders' Summit, Malaysia drew attention when Anwar was invited to speak at the BRICS Business Forum attended by the Brazilian President. "The forum was opened with a keynote session by the President. Malaysia was given priority even though we are not a full member (of BRICS)," Anwar said. He said that he used the opportunity to stress the need for justice between developed and developing nations, and to raise concerns over the governance of artificial intelligence technologies. The visit to Brazil also allowed Anwar to meet with several world leaders and heads of international organisations. In Rio de Janeiro, the second biggest city in Brazil, the Prime Minister held discussions with South African President Cyril Ramaphosa and three counterparts namely Narendra Modi (India), Pham Minh Chinh (Vietnam), and Mostafa Madbouly (Egypt). Following a meeting with New Development Bank President Dilma Rousseff, Anwar said Malaysia's potential membership in the bank would be considered after a detailed assessment by Bank Negara Malaysia. He added that several Malaysian companies, including Petronas and Yinson Production, have already made inroads into the Brazilian market. - Bernama
New Straits Times
an hour ago
- New Straits Times
Malaysia wants Airbus, Embraer to consider Malaysia as MRO, supply chain hub
KUALA LUMPUR: Malaysia wants aircraft supplier companies such as Airbus and Embraer to make the country a hub for maintenance, repair and overhaul (MRO), training and supply chain activities, if the agreements to purchase dozens of aircraft by AirAsia and Malaysia Airlines are realised. Transport Minister Anthony Loke said that apart from discussing the potential purchase of aircraft, the government is also taking the same approach to ensure that the purchase provides benefits or advantages to Malaysia to attract investment. "This is the strategy we are using so that these purchases are not just one-way, they also benefit Malaysia in the aerospace sector. "Of course, our airlines need to have a more diversified purchasing strategy, including Malaysia Airlines, which is now also diversified in terms of purchasing aircraft and not just relying on one supplier," he told reporters in Rio de Janeiro, Brazil at the end of Prime Minister Datuk Seri Anwar Ibrahim's official visit to Italy, France and Brazil. Apart from that, he said the government also suggested that France consider Malaysia as a potential location for it to set up a 'final assembly line' for the aircraft following Airbus receiving many aircraft orders. "Presently, Airbus has quite a lot of orders, many aircraft have not been delivered and many airlines that have ordered Airbus aircraft are facing delays. "Airbus currently has a backlog of 8,000 aircraft, so it has problems in terms of supply chain and so on to complete these aircraft. Of course this backlog will continue and that is why we also hope that Airbus can invest more in Malaysia in terms of securing the supply chain and considering Malaysia as an aircraft assembly destination," he said. Should that be realised, this will boost the country's aerospace sector in addition to providing job opportunities for Malaysians, said Loke. "This is the strategy we hope for through diplomacy (aviation diplomacy) like this and the presence of Prime Minister Datuk Seri Anwar Ibrahim speaking to the French President and the company directly together with the Airbus management, I think, is a proactive diplomatic action from the country," he said. AirAsia has signed a deal to buy Airbus 321XLR long-haul aircraft worth US$12.25 billion (RM51.72 billion), with delivery confirmed in 2028. According to Loke, Airbus already operates in Malaysia including having an MRO and training centre. "For example, they have Airbus Helicopter training based in Subang, it is already there but what we want is for them to expand their operations," he said. Meanwhile, Malaysia Aviation Group (MAG), the parent company of national carrier Malaysia Airlines, has exercised its purchase rights for 20 additional A330neo aircraft through a direct order with Airbus. The new order builds on MAG's initial commitment in 2022 for 20 A330neo aircraft - comprising 10 directly purchased and 10 leased from Avolon - bringing the group's total A330neo commitment to 40 aircraft to date. Deliveries from the additional batch are scheduled between 2029 and 2031. "Malaysia Airlines has ordered 20 A330neo aircraft, but so far, only four were delivered. This was ordered three years ago, there are 16 more to go. They add on another 20 right now, so altogether there will be 40 A330neo aircraft and on top of that, Malaysia Airlines is also considering A350 aircraft as well. So that is something they have to make a decision soon," said Loke. Composites Technology Research Malaysia Sdn Bhd, based in Batu Berendam, Melaka, has also gained the trust of the world's largest airlines including Airbus and Boeing, for the production of several components for the companies' aircraft. Brazilian aircraft manufacturer Embraer has nearly 20 operators in the Asia Pacific, collectively operating around 200 E-Jets. Anwar has met with the CEO of Embraer, and airlines AirAsia and Air Borneo have expressed interest in making purchases. – BERNAMA
The Star
an hour ago
- The Star
Aircraft deal sparks bid for bigger returns, says Loke
RIO DE JANEIRO: Malaysia's significant aircraft purchase orders, totalling US$20bil (RM84bil), provides an excellent opportunity for the country to attract more investments from the selling firms, says Transport Minister Anthony Loke. He added the heavy purchase orders paved the way for negotiations with manufacturers like Airbus to invest in Malaysia for training and boosting the supply chain. 'We want them to help make us a hub in this region. This will ensure that the purchase is not a one-way process. We will benefit in many other ways,' he said after the week-long working and official visits by Prime Minister Datuk Seri Anwar Ibrahim to several countries. Both Loke and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz have accompanied Anwar on the trip to Rome, Paris and Rio de Janeiro. Other ministers who joined the visit were Foreign Minister Datuk Seri Mohamad Hasan, Defence Minister Datuk Seri Mohamed Khaled Nordin, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, and Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said. Loke said he visited Toulouse in France, where the aircraft manufacturer is based, and was told that the waiting list for aircraft delivery stood at 8,000 orders. 'This is a long backlog to wait for our orders to be delivered. It's a good thing our PM was here to talk to Macron (French President Emmanuel Macron) to help speed things up,' he added. Malaysia, he said, also spoke to officials from Embraer, a prominent aircraft manufacturer in Brazil about the possibility of some purchases. It was reported that AirAsia reached a tentative agreement to purchase as many as 70 extended-range Airbus single-aisle jets that could reach US$12.3bil (about RM52bil). Malaysia Airlines (MAS) ordered 20 more A330neo widebody planes, in a deal worth US$7.5bil (RM31.7bil), according to calculations before industry discounts. Earlier, Anwar also spoke about aircraft purchases, saying: 'We cannot simply keep buying from Airbus alone. We need alternative suppliers too. 'We are working with AirAsia, which has ordered dozens of aircraft. We've had discussions with Amirul Feisal, the MD of Khazanah Nasional, and talks are ongoing between AirAsia and MAS regarding further purchases. We are choosing to diversify rather than rely solely on Western companies.' Anwar said Malaysia placed conditions that benefitted the nation: part of the production must happen in Malaysia, or a base must be set up in Malaysia, and products must be sellable to a number of other countries.
