(Reuters) - French IT firm Atos on Monday entered negotiations with the government for the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), the group said in a press release. The target is to have a share purchase agreement signed by May 31, 2025, it said.

Atos has received a non-binding offer from the French government to acquire its advanced computing activities for an enterprise value of around $521 million.

The French government has made an offer to buy parts of Atos SE it considers to be strategic for an enterprise value of €500 million ($524 million) and potentially up to €625 million including earnouts,

French IT firm Atos on Monday entered negotiations with the government for the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), the group said in a press release.

Atos has received a non-binding offer from the French government to acquire its advanced computing activities for an enterprise value of around $521 million.

The French government has made a non-binding bid for Atos' advanced computing business, valuing the unit at €500m. The division includes the company’s artificial intelligence activities and its supercomputers,

France has entered negotiations with the struggling French IT firm Atos to potentially acquire its advanced computing activities for €500m.

Atos has received a non-binding offer from the French government to acquire its advanced computing activities for an enterprise value of around $521 million.

The target is to have a share purchase agreement signed by May 31, 2025, it said in a press release. Atos also announced a commitment to launch a formal sale process for BDS's Mission-Critical Systems and Cybersecurity Products businesses.

Atos, which secures communications for the French military and secret services and manufactures servers to make supercomputers, is undergoing a restructuring to tackle its large debt.