Reported 4 months ago
Atos SE is considering new rescue offers from Czech billionaire Daniel Kretinsky's EP Equity Investment and David Layani's Onepoint to take over the debt-laden French IT company. The proposals aim to reduce debt and address financing needs, with Atos and its creditors expected to choose between the two bids by Wednesday and finalize a restructuring deal by July. The bidders are seeking to save Atos from insolvency, with Kretinsky offering to invest up to €700 million and reduce debt by €3.4 billion, while Onepoint proposes €250 million in new equity and converting €2.9 billion of debt into shares.
Source: YAHOO