A trader cited newspaper articles from Le Parisien and Les Echos about requests made by some MPs in France’s National Assembly to nationalize the struggling software business, which was why Atos shares fell by up to 12% on Monday.
According to the sources, two lawmakers—socialist Philippe Brun and conservative Olivier Marleix from Les Republicans—have submitted amendments to France’s 2024 budget legislation calling for a partial state takeover of Atos.
On Monday, one trader told Reuters that the action had a detrimental effect on the share’s trading value. Atos shares had over 80% of their value eroded during the previous two years.
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