Atos Chooses Onepoint-Led Rescue Proposal
Atos SE has decided to proceed with a takeover bid by a consortium led by its top shareholder, Onepoint, to address its significant debt burden. The consortium, which includes David Layani and Econocom Group SE, proposed injecting €250 million ($272 million) in new equity and converting €2.9 billion of Atos’s debt into shares. This decision was made over a competing bid from Czech billionaire Daniel Kretinsky's EP Equity Investment.
Atos, which is grappling with close to €5 billion in debt, has been in a conciliation procedure with creditors since April to avoid bankruptcy. The company plans to finalize a financial restructuring agreement by July. Despite the financial struggles, Atos remains a critical IT services provider in France, maintaining strategic contracts in defense and nuclear industries. The French government, emphasizing the importance of these contracts, has extended a €50 million loan to the company.
