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David Layani, debt, liquidity… The truths from Paul Saleh, the CEO of Atos

2024-03-26T19:05:25.674Z

Highlights: Atos has entered into a conciliation procedure with its creditors. The IT group has, in fact, recorded a loss of 3.4 billion euros in 2023. The debt amounts to 4.6 billion euros, including 3.65 billion to be repaid by the end of 2025. With the failure of negotiations with Daniel Kretinsky on the sale of outsourcing activities (TechFoundations), Atos is struggling to find a solution to avoid bankruptcy. The situation is critical. You have 86% left to discover.


EXCLUSIVE INTERVIEW - Weakened by its debt, the technology group wants to seal an agreement with its creditors by July.


Atos management is working hard to find a solution to avoid bankruptcy.

Faced for several months with a deterioration in its activity and a colossal debt, the group announced on Tuesday its entry into a conciliation procedure with its creditors.

This, which follows the opening, at the beginning of February, of an ad hoc mandate entrusted to Hélène Bourbouloux, should allow Atos to reach, by July, an agreement with its creditors for the restructuring of the debt .

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The situation is critical.

The IT group has, in fact, recorded a loss of 3.4 billion euros in 2023, following significant asset depreciation.

The debt amounts to 4.6 billion euros, including 3.65 billion to be repaid by the end of 2025. With the failure of negotiations with Daniel Kretinsky on the sale of outsourcing activities (TechFoundations ), then the end of those with Airbus for cybersecurity and big data (BDS) activities, which were to…

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You have 86% left to discover.

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Source: lefigaro

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