European IT services provider Atos has signed a memorandum of understanding (MoU) for a long-term strategic partnership in IT services with Gazprom Neft, one of Russia’s leading oil producers and Sibur, the country’s main petrochemical group.
As part of the strategic partnership, Atos will invest in the development of Information Technology Service Company, aka ITSK, an IT services joint venture resulting from the merger of the IT, communication and automation divisions of Gazprom Neft and Sibur.
The MoU was signed at the Winter Olympic Games in Sochi by Charles Dehelly, chief operating officer (COO) of Atos, Vitaly Baranov, deputy chairman of the management board of Gazprom Neft and chairman of the board of ITSK, and Dmitry Konov, chief executive officer (CEO) of Sibur.
According to the Memorandum, Atos is considering acquiring shares in ITSK through taking over part of Sibur’s stake in the company. The proposal outlined in the MoU is subject to approval from the boards of directors of each party as well as from regulatory organisations.
“This new partnership will enable Atos to strengthen its growing position as a provider to international clients in Russia, it will enhance our Russian client base and strengthen our support offering both in Russia and on the international market,” said Charles Dehelly, chief operating officer (COO) of Atos.
“We are proud to be partnering with two of the largest, most internationally successful and well known Russian companies.”
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.