Favorable to the split of Atos, Onepoint holds 11.4% of its capital

2023-12-14 00:02:00

Onepoint continues its rise in the capital of Atos. The French company specializing in digital transformation, founded and managed by David Layani, declared on Wednesday that it had crossed upwards, on December 8, the threshold of 10% of the capital of Atos and to date holds 11.4% of the capital. and voting rights of the company. This crossing of thresholds results from an acquisition of Atos shares on the market. This acquisition was financed with equity, Onepoint explained to the Financial Markets Authority (AMF).

“Onepoint is fully committed to developing the complementarities of the two groups in the areas of cloud, artificial intelligence, and decarbonization. It is with this in mind that a cooperation agreement with Atos was signed on December 7, 2023,” explained Onepoint.

“The increase in Onepoint’s participation is part of its logic as a reference shareholder of Atos with a long-term vision”, explained Onepoint in a press release published Wednesday. In this context, Onepoint intends to continue its purchases of Atos shares depending on market conditions but it does not plan to take control of Atos, in its declaration to the AMF. Onepoint wishes to have, “as soon as possible”, of three representatives on the board of directors of Atos. The number of representatives is subject to change depending on the level of ownership at which Onepoint’s participation stabilizes.

Onepoint in favor of Atos split

Onepoint recognizes the relevance of a separation of Tech Foundations from Atos. However, explains the company owned by David Layani to the AMF, “this separation, if it were to be decided and carried out by means of a transfer, take place under significantly improved conditions compared to those of the proposed transfer announced on August 1, 2023”. In addition, Onepoint intends to exploit all the complementarities of the two groups “in terms of business, functional and technology to implement the partnership announced on December 7 in the areas of cloud, artificial intelligence, and decarbonization ».

In a press release published on Wednesday evening, Atos “took note of the announcement” from Onepoint. “The group intends to continue a constructive dialogue with the company, as well as with all of its shareholders”, explained the group. At the beginning of November, Onepoint announced that it had taken a significant stake in the capital of Atos (9.9% of the capital and 9.9% of the voting rights). The company had not indicated whether it already owned shares previously.