Capgemini: In pole position to acquire Euriware?
BUY, Fair Value EUR50 (+17%)
According to press reports citing trade union sources, Capgemini would be well placed to acquire Euriware, Areva’s IT Services business, which has been up for sale since mid-June 2013. If such a scenario occurs, we consider it would be a modest piece to swallow as it would not call into question Capgemini’s goal to increase op. margin and preserve a healthy balance sheet.
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