Airbus drops offer for stake in Atos unit, shares tumble

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Airbus drops offer for stake in Atos unit, shares tumble
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Airbus has decided not to make an offer for a minority stake in Atos' soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%.

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/File Photohas decided not to make an offer for a minority stake in Atos' soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%.

A person familiar with the talks said Airbus reckoned that financial conditions had not been met for the deal originally being discussed but that it still believed in some form of partnership with Atos.

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