(Bloomberg) Czech billionaire Daniel Kretinsky is facing off against David Layani’s OnePoint in his latest attempt to rescue embattled French tech company Atos SE.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeFrance’s Macron Calls for Reset of Economic Ties With ChinaTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron Seeks to Reset TiesAtos sa
Atos says it will need more cash than expected streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
(Reuters) -Struggling French IT consulting firm Atos on Thursday said a review of its 2024-2027 business plan would lead to an increased need for cash and potentially additional debt reduction, forcing it to update in the coming days the parameters of its refinancing plan presented in early April. Atos also said it would extend the deadline for refinancing proposals from existing stakeholders and third-party investors to May 3 from original April 26. The technology company, which manages data and cybersecurity for France's nuclear industry and the upcoming Olympic Games, is in the midst of a refinancing, which includes raising 1.2 billion euros ($1.29 billion) via equity and new loans and will result in significant dilution for existing shareholders.