Atos has offered up to €625 million for assets in new French bid

The French government has made an offer to buy parts of it Atos SE it sees it as strategic for an enterprise value of €500 million ($524 million) and potential of up to €625 million including earnouts, after an earlier state offer expired.

The non-binding offer would see the troubled French IT company sell the advanced computing business of its Big Data and Security unit, the company said in a statement. a statement on Monday. This includes high-performance and quantum computing, as well as enterprise computing and AI activities. The exclusive offer expires in May 2025.