Atos Engages in Refinancing Talks After Dropping Rights Issue

Shares in the French tech company plummet following the cancellation of a planned €720 million rights issue due to market changes.

Atos is negotiating refinancing options with creditors following the cancellation of its €720 million rights issue.
The company's share price fell nearly 25% today, adding to a year-to-date decline of over 50%.
Atos has appointed an independent negotiator to facilitate discussions with banks on a new refinancing plan.
Negotiations for the sale of Atos's Tech Foundations unit to Czech billionaire Daniel Křetínský's EPEI group are ongoing, with no certainty of an agreement.
Atos is also in due diligence with Airbus for the potential sale of its BDS business, valued between €1.5 billion and €1.8 billion.