Atos Secures Financial Lifeline with Onepoint's Restructuring Plan
The French IT firm aims to stabilize its finances and maintain strategic operations through significant debt conversion and new equity.
- Atos has chosen a financial restructuring proposal from its largest shareholder, Onepoint, over a rival bid from Czech billionaire Daniel Křetínský.
- The restructuring plan includes converting €2.9 billion of debt into equity and injecting €250 million of new money into the company.
- The deal will result in significant dilution for existing shareholders, who will hold less than 0.1% of the new share capital.
- The French government has supported the plan to keep key Atos activities under French control, providing a €50 million loan to the company.
- Atos will continue to manage critical contracts, including cybersecurity for the Paris 2024 OlympicsFrance's military and nuclear deterrent.