The Limited Times

Now you can see non-English news...

Atos seeks 1.2 billion euros in new money to revive itself

2024-04-09T05:54:32.421Z

Highlights: Atos seeks 1.2 billion euros in new money to revive itself. On the verge of bankruptcy, the fallen tech giant presented its debt restructuring objectives to its creditors. Tough negotiations began, under the aegis of the conciliator, Hélène Bourbouloux. Atos shareholders and creditors will have to make serious efforts if they want the French tech giant to survive the summer. These talks with the holders of 2.3 billion euros of bank debt… This article is reserved for subscribers. You have 76% left to discover.


On the verge of bankruptcy, the fallen tech giant presented its debt restructuring objectives to its creditors. Tough negotiations began, under the aegis of the conciliator, Hélène Bourbouloux.


Atos shareholders and creditors will have to make serious efforts if they want the French tech giant to survive the summer. In difficulty for several years and weighed down by 4.6 billion euros in debt, the group (10 billion euros in turnover, 100,000 employees) has not managed to sell the assets it had put into sale. On the one hand, his long negotiations with the Czech billionaire Daniel Kretinsky to sell him his outsourcing activities brought together in the subsidiary Tech Foundations (half of its turnover and its workforce) were unsuccessful and were broken at the end of February; on the other hand, Airbus ended up giving up, in mid-March, on buying its cybersecurity activities from Atos, brought together in its subsidiary BDS. Under these conditions, the negotiations begun several months ago with creditors have become more urgent and vital than ever for the future of the group.

To discover

  • PODCAST - Listen to the latest episode of our Tech Questions series

These talks with the holders of 2.3 billion euros of bank debt…

This article is reserved for subscribers. You have 76% left to discover.

Do you want to read more?

Unlock all items immediately.

TEST FOR €0.99

Already subscribed? Log in

Source: lefigaro

All news articles on 2024-04-09

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.