2024-02-05 17:48:43
The descent into hell continues for Atos. The IT group has decided to request “the appointment of an ad hoc agent” to manage its now untenable financial situation. The aim is to accelerate “discussions with its banks with a view to reaching a plan to refinance its financial debt”, indicates a press release published this Monday. The announcement had the effect of a bombshell: Atos’ stock price plunged by almost 30% on Monday, following a collapse which caused it to lose 95% of its value over five years.
The use of an ad hoc agent means that Atos management – and in particular the chairman of its board, Jean-Pierre Mustier, a seasoned financier – was unable to reach an agreement alone with its creditor banks. to find a solution ensuring sustainable financing for the group. The former French IT flagship is facing heavy debt payments. However, it is also struggling to relieve its balance sheet by selling its outsourcing activities to Daniel Kretinsky and/or its cyber and supercomputer businesses to Airbus or others.
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