Atos announced on Thursday December 19 the finalization of its financial restructuring, thanks to the completion of the final stages of the accelerated safeguard plan approved in October. After several years of financial difficulties, the French IT services group ensures that it has the resources and flexibility necessary to implement its medium-term strategy.
No reimbursement planned before 2029
Previously considered one of the European IT champions, the group received the green light from the Nanterre Commercial Court in October for its accelerated safeguard plan aimed at reducing its heavy debt. The plan led in particular to the conversion into capital of 2.9 billion euros of financial debt and to a capital increase of 233 million euros.
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“The finalization of our financial restructuring plan ensures the sustainability of Atos’ activities in the best interest of our stakeholders, in particular our employees and our customers, and allows us to confidently project the group towards a new page in its history”, said Philippe Salle, chairman of the group’s board of directors, in a press release.
Atos currently does not have a debt repayment deadline before the end of 2029, the group specifies in a press release.
With Reuters (Writing by Diana Mandiá, edited by Augustin Turpin)
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