Atos: Bull preference share acquired by the French State

(CercleFinance.com) - Following on from the agreement signed last June, Atos announces that its subsidiary Bull has issued a preference share to the French State in order to protect national sovereignty interests in respect of certain activities carried out by Atos.


The French State benefits from governance rights at Bull level, in particular rights of representation on corporate bodies (without voting rights at this stage) and prior authorization and approval rights aimed at protecting sensitive sovereign activities.

The French State also has the right to acquire sensitive sovereign activities if a third party crosses the threshold of 10% or a multiple of 10% of Atos' or Bull's capital or voting rights.

This right may be exercised if the parties fail to reach a reasonable agreement on how to safeguard national interests in relation to these activities (without prejudice to the application of the French foreign investment control regime).

Copyright (c) 2024 CercleFinance.com. All rights reserved.