PARIS (Reuters) – The board of directors of French technology company Atos was due to meet on Sunday evening to consider takeover bids, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le Figaro reported.
Atos, which provides communications for the French army and is set to manage cybersecurity during the Paris Olympics this summer, has given itself until Friday evening to receive refinancing offers.
The struggling firm has also received takeover bids led by David Lajani, chief executive of OnePoint, Atos’ largest shareholder, and US fund Bain Capital.
The bids will be added to those submitted by creditors who represent about half of Atos’ debt, newspapers reported on Sunday.
Atos declined to comment.
On Monday, Atos said it needed 1.1 billion euros ($1.2 billion) in cash to fund its business in the 2024-2025 period, down from 600 million euros in its previous estimate due to changing market conditions.
Financial difficulties forced the French state to offer to acquire some of its strategic assets.
($1 = 0.9295 euros)