In brief LogicaCMG confirmed today that it is in “advanced discussions” that could lead to its buying French services group Unilog.
In a statement, LogicaCMG said the talks “may or may not lead to an offer being made for Unilog on an agreed basis and at a price of €73 per share”. This would value the French group at around €931m in total.
The deal would go some way to helping LogicaCMG turn the tide at its struggling French business.
LogicaCMG, created by the 2002 merger of Logica and CMG, said it would make a further announcement “in the next few days”.®