Atos picks David Layani rescue plan offer -Le Figaro
FILE PHOTO: A view of the logo of French IT consulting firm Atos on a company's building in Nantes, France, April 22, 2024. REUTERS/Stephane Mahe/File Photo
PARIS (Reuters) -Debt-laden Atos has picked the offer of its anchor investor David Layani to restructure its debt, Le Figaro newspaper reported on Monday.
Without citing sources, the daily newspaper said the administrative council had chosen the consortium formed by One Point, the company owned by French businessman Layani, and casting aside a second offer by Czech billionaire Daniel Kretinsky.
Once a flagship technology company included in the French bluechip CAC-40 share index, Atos grew quickly through acquisitions but later made strategic mistakes against a backdrop of unstable governance, sending its shares down by more than 90% over the last three years.
A mediator has been vested in to help find new money and restructure the group's 4.8 billion euro ($5.17 billion) debt.
(Reporting by Paris Newsroom; Editing by Leslie Adler and Stephen Coates)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US televangelist Jim Bakker, ensnared in fraud and sex scandal, dead at 86
- Jim Bakker, TV preacher felled by scandals, dies at 86, NYT reports
- DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share