This {photograph} taken on April 26, 2024 exhibits the headquarters of the French multinational data know-how firm ATOS in Bezons, close to Paris. (Picture by Ludovic MARIN / AFP) (Picture by LUDOVIC MARIN/AFP by way of Getty Photographs)
Ludovic Marin | Afp | Getty Photographs
Shares within the struggling French IT agency Atos tumbled on Monday as the corporate weighs between two rescue offers each set to result in “huge dilution” of present shareholders.
Atos was down 16.07% at 10:21 a.m. London time.
The 2 restructuring offers on the desk are led by Czech billionaire Daniel Kretinsky and key Atos shareholder David Layani. The corporate will make its selection by Wednesday.
“The implementation of the proposals will lead to all circumstances in a large dilution of the present shareholders of Atos SE,” Atos stated in a assertion on Monday.
The corporate stated it was working with monetary collectors to safe most help for one of many offers by June 5, aiming to succeed in closing settlement on restructuring in July.
Kretinsky beforehand carried out discussions with Atos about shopping for components of its enterprise, which collapsed. Layani’s IT consulting agency Onepoint held over 11% of Atos’ share capital and voting rights as of December 2023, based on their web site.
The offers come after a string of failed talks about entire or partial acquisition of the Atos enterprise. Airbus additionally held such discussions.
In April, Atos stated it had obtained a letter of intent from the French authorities to doubtlessly purchase components of its enterprise. On the time, the agency stated a non-binding supply might be made in early June. On Monday, Atos famous that due diligence on the deal was nonetheless ongoing.
Atos holds a number of delicate contracts with French authorities and the nation’s army. Additionally it is managing information and cybersecurity for the Paris 2024 Olympic video games.
