France's Atos to sell Worldgrid unit to Alten for about $290 million

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

:Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten.

FILE PHOTO: A French national flag flies near a logo of French IT consulting firm Atos, at the entrance of a company's building, in Angers, France, March 20, 2024. REUTERS/Stephane Mahe/File Photo:Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros to engineering consulting group Alten.

The proposed deal would ensure full continuity of service for the units' clients and employees, Atos said.

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Atos sets June 5 deadline to decide on rescue plans from Kretinsky, LayaniPARIS : Debt-laden Atos said on Monday it aimed to decide by Wednesday between two rivalling debt restructuring plans that were consistent with its conditions - one from a consortium around Czech billionaire Daniel Kretinsky, the other from its anchor investor David Layani.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Kretinsky weighs changes to Atos bid to win over creditors, source saysPARIS : Czech billionaire Daniel Kretinsky is looking at options to try to persuade creditors to side with him in the battle for Atos, a source close to the matter said, as the distressed IT firm seeks a debt restructuring plan by May 31.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

France beat holders England 2-1 to stay top of Euro 2025 qualifying groupNEWCASTLE, England : Marie-Antoinette Katoto's second-half goal lifted France to a 2-1 victory away to reigning champions England in their Women's Euro 2025 qualifying match at St James' Park on Friday that kept Les Bleues in top spot in the group.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EU elections: Far-right parties deal defeats to France's Macron and Germany's ScholzPopulist parties across Europe made big gains in the bloc's latest elections, dealing a big blow to centrist ruling parties. French President Emmanuel Macron has called for snap national elections in the wake of the loss.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Far right advances in EU election, France calls snap national voteThe vote dealt a blow to the leaders of France and Germany.
Source: The Straits Times - 🏆 8. / 63 Read more »

Far-right advances in EU election, France calls snap national voteBRUSSELS: Gains by the far-right in voting for the European Parliament on Sunday (Jun 9) prompted a bruised French President Emmanuel Macron to call a snap national election
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »