The agreement will involve a capital increase of 233 million euros, a contribution of 1.5 to 1.675 billion euros and a debt reduction of 3.1 billion euros, according to a press release released four days later. that the consortium led by Onepoint, the first shareholder of Atos initially chosen to carry out this takeover, threw in the towel.
This announcement, made by Atos management, reinforces hopes of an end to the crisis for the group, a technological pillar of the Paris Games this summer and with some 100,000 employees in 69 countries but plunged into chaos in recent months. It now hopes to move very quickly to launch operations at the beginning of July, before the Games.
Towards a better credit rating
“The restructuring operations will then be implemented during the second half of 2024 with a view to effective completion by the end of 2024 or during the first quarter of 2025,” specifies the group. Banks and bondholders will then become the majority shareholders of the group: they will hold up to 99.9% of the capital.
The capital increase is, however, open to current shareholders, who would not wish to see their stake diluted, and could, if they contribute, secure a maximum of 25.9% of the capital.
Once the flagship of French IT, the group was carrying a colossal debt and was fighting for its survival. The last few days have been particularly eventful, with entrepreneur David Layani (Onepoint) giving up on saving Atos, in a final twist.
