France's Atos Accepts EUR 1.5 Billion Rescue Bid from Consortium Led by Onepoint

Jun 11, 2024, 05:40 AM

France's IT company Atos has accepted a rescue bid from a consortium led by its top shareholder, Onepoint. The proposal includes EUR 1.5 billion of new money debt, which encompasses EUR 300 million in bank guarantees, and EUR 250 million of new money equity. Additionally, the group plans to convert EUR 2.9 billion of Atos' debt into shares. The move aims to address Atos' heavy indebtedness and secure its financial stability.