-- Embattled French IT services company Atos SE raised the amount of cash it is seeking to €1.7 billion from €1.2 billion previously and wants to cut its debt further in an update to its rescue plan. Atos needs €1.1 billion to run its business in 2024 and 2025 from €600 million earlier, it said in a statement Monday. It is also seeking to reduce its debt by €3.3 billion, or by two-thirds, compared to a previous plan of €2.4 billion.
The government was compelled to intervene for national security reasons, given Atos’s key role as a supplier of IT services to the country’s nuclear and defense sectors as well as for cybersecurity at this summer’s Paris Olympics.
TELUS Corporation is largely controlled by institutional shareholders who own 54% of the companyIn this article, we will take a detailed look at Jim Cramer Portfolio: 11 Latest Stocks to Buy. If you want to skip our detailed analysis on Jim Cramer’s latest thoughts about the economy and see the top 5 stocks in this list, click Jim Cramer Portfolio: 5 Latest Stocks to Buy. Jim Cramer in a program
Source: News Formal (newsformal.com)
Atos Bruno Le Maire
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Atos Seeks €1.2 Billion in Cash and Loans in Restructuring OfferThe embattled French IT company Atos SE is seeking €600 million ($651 million) in cash and another €600 million in credit lines and loan guarantees to fund the business through 2025, according to a restructuring plan presented to creditors.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Atos Boosts Cash Needs to €1.7 Billion, Seeks to Cut More DebtEmbattled French IT services company Atos SE raised the amount of cash it is seeking to €1.7 billion ($1.8 billion) from €1.2 billion previously and wants to cut its debt further in an update to its rescue plan.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Atos says it needs 600 million euros of cash for 2024-2025 as part of refinancingExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Atos to Seek More Cash, Delays Deadline for Creditor ProposalsAtos SE said it is seeking more cash to finance its business and might need to further reduce its debt, as the embattled French IT company delayed a deadline it set for proposals from its creditors and banks to finance a rescue plan.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Atos says it will need more cash than expectedAtos also said it would extend the deadline for refinancing proposals from existing stakeholders and third-party investors from April 26 to May 3. The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Atos Seeks €1.2 Billion in Equity and Debt for Rescue Plan(Bloomberg) -- Embattled French IT company Atos SE is seeking €600 million ($651 million) in cash and another €600 million in credit lines and loan...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »