Atos Shares Rise after Xerox acquisition

Paris (Antara Bali) - Shares in French technology company Atos increased by nearly five percent on Friday as traders welcomed news that they are buying a piece of IT Xerox at a cost of more than 1 billion US dollars.

Atos shares recorded 4.9 per cent higher in the CAC-40 in France in the afternoon trading session.

Chief executive - and former French finance minister - Thierry Breton said that a deal worth 1.05 billion US dollars (about Rp13 trillion), which is equivalent to 855 million euros (about Rp13 trillion), will give access to the US market for Atos large .

Nathalie de Medina, an analyst at Oddo Securities, said that Atos reach an agreement "right price," "better than a similar deal in the past."

Some analysts at Aurel BGC said in a notice to the client that Atos "expand business in the US has more than tripled" over the deal.

The deal is expected to be completed in the first half of 2015 and following a similar move for the French group Bull, troubled computer company that was once the pride of the French technology sector. (MFD)