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Thales won't take stake in Atos' spun-off unit Evidian

FILE PHOTO: Logo of Atos is seen on a company building, in Nantes

By Mathieu Rosemain

PARIS (Reuters) -Thales will not take a stake in Atos' soon to be spun-off unit Evidian, a spokesperson for the French defence and technology company said on Tuesday, following market speculation about Thales' interest in the IT consulting firm.

Atos is planning to split into two publicly-listed companies by the end of June.

The spun-off entity, Evidian, would include Atos' most-coveted asset, cybersecurity division BDS. Thales also offers cybersecurity services to its clients.

Asked if Thales would be interested in a stake in Evidian, a company spokesperson said it would not, because it did not correspond to the group's strategy and it "has no intention of diversifying into markets other than those it already serves".

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Atos, which generated net losses of 500 million euros ($536.95 million) over the first half of 2022, is striving to regain investors' confidence following the sudden departure of its former CEO Rodolphe Belmer, which coincided with the announcement of its split-up plan last June.

French newspaper Les Echos reported last week that Airbus, one of Thales' top clients, had started talks to take a minority share in Evidian.

Atos said then that it had begun "exploratory discussions with potential future minority shareholders" for Evidian, without elaborating.

($1 = 0.9312 euros)

(Reporting by Mathieu RosemainEditing by Tomasz Janowski and Barbara Lewis)