on ATOS ORIGIN (EPA:ATO)
Atos Gains Court Approval for Financial Restructuring Plan
Paris, France - Atos SE announced that the specialized Commercial Court of Nanterre has approved its accelerated safeguard plan. The judgment, dated October 24, 2024, marks a key moment in Atos’ financial restructuring. The plan will facilitate the continuity of Atos’ operations, ensuring stability for employees and customers.
Chairman Philippe Salle emphasizes this approval as pivotal in resolving Atos' financial issues, enabling the company to move forward confidently. CEO Jean Pierre Mustier highlights that this step secures financial resources for industrial development and enhances service quality.
The plan includes equitizing €2.9 billion of debt and securing €1.5 to €1.675 billion of new financial resources. Expected execution of these transactions is set for late 2024 to early 2025, pending regulatory approvals. The market will be updated on upcoming steps.
R. H.
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