Atos is aiming to transform about half of its $5 billion debt into fairness as a part of the plan disclosed throughout a confidential assembly on Monday, Bloomberg stated.
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Atos has not made instantly clear who would inject money within the firm and the way remaining debt phrases can be renegotiated, the Bloomberg report added.
An Atos spokesperson didn’t reply to an e-mail in search of remark.
A former French prime CAC 40 blue chip, Atos has seen its inventory value lose greater than 90% of its worth up to now three years after a sequence of strategic missteps, operational setbacks, and governance crises.
Given Atos’ cybersecurity and super-computing actions, the French authorities is carefully following the corporate’s destiny. Prime Minister Gabriel Attal stated final week sustaining the corporate’s monetary stability was a authorities precedence.
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