Kretinsky weighs changes to Atos bid to win over creditors, source says

FILE PHOTO: A view of the logo of French IT consulting firm Atos on a company's building in Nantes, France, April 22, 2024. REUTERS/Stephane Mahe/File Photo

Kretinsky's EP Equity Investment vehicle, in partnership with British fund Attestor, is so far offering to erase more than 90 per cent of Atos' 4.8 billion-euro financial debt and sell large parts of the company, with the proceeds partially distributed to creditors. The consortium is facing off against French IT consulting firm Onepoint, led by Atos' top shareholder David Layani, which along with other partners such as Butler Industries is offering creditors a smaller debt reduction and cash injection, access to Atos' equity, and the preservation of Atos' assets beyond the ones already targeted by the French government.

Source: Loan Digest (loandigest.net)

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