After weeks of mulling it over, French IT company Atos has finally decided to go with key shareholder David Layani and his IT company Onepoints restructuring offer, as opposed to Czech billionaire Daniel Kretinskys. Currently, Onepoint owns about 11% of Atos total shares.
ADVERTISEMENTDespite being the official tech partner of the 2024 Paris Summer Olympics, Atos has been significantly weighed down by its debt burden in the last few years, especially due to several years of acquisitions. Operating margins have also been considerably lacklustre, with liquidity suffering as well.
Several of the companys bonds are also maturing in 2025, with Atos potentially not having enough money to pay off bondholders, leading to it being in the mar…
Read the full article at: https://www.euronews.com/business/2024/06/12/french-it-company-atos-accepts-onepoints-restructuring-plan