French IT services giant Atos is grappling with a deepening crisis | |
French IT services giant Atos is grappling with a deepening crisis as its main shareholder, Onepoint, pulls out of a critical rescue proposal. The plan aimed to convert €2.9bn of Atos debt into equity and inject €250mn to stabilise the company, but the conditions for a viable agreement weren't met, Onepoint stated. This setback comes amid Atos' struggle with a hefty €4.8bn debt load, multiple CEO changes, and a sharp decline in its stock value (down 12% recently). | |
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Target Nation: All Nations Target City : Norwich Last Update : 30 July 2024 7:43 AM Number of Views: 31 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002465895 |
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