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Atos Shares Plunge Amid Calls for French Nationalisation by Lawmakers, Government Denies Plans

Amendments lodged to France's 2024 budget law by lawmakers Olivier Marleix and Philippe Brun seek partial state takeover of struggling tech company citing national security concerns; Atos shares drop significantly losing nearly 80% value over last two years.

Overview

  • Shares in French tech company Atos plunged by up to 12% following calls by lawmakers Olivier Marleix and Philippe Brun for a partial state takeover of the company.
  • The lawmakers lodged amendments to France's 2024 budget law, citing national security concerns as a reason for the takeover.
  • These calls for nationalisation led to a negative impact on Atos' trading value, contributing to a nearly 80% loss of the company's value over the last two years.
  • Reports indicating potential nationalisation stemmed from news articles published by Le Parisien and Les Echos.
  • Despite these reports and proposals, a source from France's finance ministry stated that the government is not considering nationalisation of Atos.