(Bloomberg) — Embattled French tech company Atos SE has received offers to help bail out the company that will frame the discussions with its stakeholders around its restructuring. Most Read from Bloomberg David Layani’s OnePoint, a group of Atos creditors, private equity firm Bain Capital and billionaire Daniel Kretinsky alongside credit fund Attestor Ltd. submitted […]
Atos has earned France a great deal of tech repute, whether with its shiny Olympics partnership or with the massive growth that made it one of Europe’s top IT companies. It’s also a strategically important company for France given its deep military and nuclear industry ties. At the peak of its success in 2017, led […]
(Bloomberg) — Ailing French IT company Atos SE expanded talks with creditors to include bondholders, with a goal of reaching a debt restructuring agreement by July to head off a looming repayment crisis. Most Read from Bloomberg The process will last four months and can be extended by one month according to French law, Atos […]
PARIS (Reuters) – The current financial troubles at French IT firm Atos won’t harm the company’s ability to handle and secure sensitive data of this year’s Olympic Summer Games in Paris, its chief executive said on Tuesday. “I have no worries that we’ll be able to do everything to make sure these Olympic Games will […]
By Augustin Turpin (Reuters) -French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the group’s future. “We are also in discussions with our financial creditors with a view to reaching a refinancing plan by July within the […]
By Mathieu Rosemain and Jason Hovet PARIS/PRAGUE (Reuters) – Talks between Atos and Czech billionaire Daniel Kretinsky over the sale of its legacy operations have collapsed in yet another twist in a more than two-year-long saga at the French IT consulting firm. The end of the negotiations represents the first major setback in France for […]
(Bloomberg) — Atos SE appointed Paul Saleh to replace Yves Bernaert as chief executive officer, following a disagreement between the board and the outgoing leader on a turnaround strategy for the embattled technology company. Most Read from Bloomberg Bernaert joined Atos in October from Accenture Plc to oversee the group’s turnaround, including refinancing, but said […]
By Sudip Kar-Gupta PARIS (Reuters) -French technology company Atos named Paul Saleh as its new chief executive on Monday and warned that free cash flow would be slightly below its initial target for the second half of the year, sending its share price tumbling. Atos said Saleh, currently chief financial officer, would become CEO – […]