French IT firm Atos seeks €1.7bn cash to avoid insolvency, aims to reduce debt by €3.3bn, and needs €1.1bn for 2024-25 business funding.
French IT firm Atos seeks €1.7bn cash to avoid insolvency, raising from €1.2bn previously. The firm also aims to reduce its debt by €3.3bn, up from a previous plan of €2.4bn. Atos needs €1.1bn to fund its businesses in 2024-25, up from €600m earlier. French government has offered to acquire Atos' strategic supercomputer and cyber products operations, valued between €700m and €1bn.
April 29, 2024
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