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July 18, 1990

CAP GEMINI SOGETI NEGOTIATIONS WITH HOSKYNS LASTED TWO WEEKS

By CBR Staff Writer

Michel Berty, Secretary General for Cap Gemini Sogeti SA, said just before we closed for press last night that his company had only been negotiating with Hoskyns for a short time, not more than a couple of weeks, fuelling speculation that it was a latecomer to the race to take Hoskyns’ hand: he also said that the 1993 offer – see page 1 and page 5 – was the result of a decision by the Hoskyns management that Hoskyns must remain a public company in the short term; as for life after 1992, Berty said that Cap Gemini may change its identity at that time, as Europe transforms into a single market, although he discounted the possibility of a London listing for his company.

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