French IT group Atos says it will simplify its organization, cut expenses, and focus on AI, aiming to reach €9B to €10B in 2028 sales, after years of setbacks
Under the plan, Atos aims to reach €9 billion ($10.1 billion) to €10 billion in sales in 2028 …
Documents: EU prosecutors are probing how Atos' Moscow office helped build the EU's border system, which will establish the EU's largest personal info database
www.ft.com/content/1541... @financialtimes.com Mastodon: Tim Mak / @timkmak@journa.host : The Moscow office of a French IT group is that helped create the new electronic #EU border system is being in...
Sources and docs: troubled IT firm Atos is largely responsible for issues delaying the rollout of the EU's automated biometric Entry/Exit border system to 2025
www.bloomberg.com/news/article... Iain Martin / @iainmartin : “the documents show how Atos effectively slowed work by only partially installing [the EU's new smart border] equipment, misplacing parts....
Atos appoints its chairman Jean Pierre Mustier as CEO to replace departing boss Paul Saleh, in its fifth top management reshuffle in less than two years
Atos reaches a deal with its creditors, including restructuring €2.9B of loans and bonds into equity, injecting €233M, and letting the creditors take control
The key elements of the restructuring framework (the “Restructuring Framework” … Juliette Jabkhiro / Reuters : Atos reaches deal in principle with creditors on restructuring, says media report X: Domi...
Atos says a consortium led by its largest shareholder, Onepoint, has withdrawn from bailout talks and that EPEI has expressed interest in restarting discussions
- Billionaire Kretinsky's EPEI is interested in restarting talks — Atos still aims for a refinancing deal with creditors in July
Atos picks a group led by Onepoint, its top shareholder, to take over the IT company; the group will invest €250M and convert €2.9B of Atos' debt into shares
Benoit Berthelot / Bloomberg :
Atos says it received four distinct offers to restructure its debt and inject cash from investors including Atos' banks and its largest shareholder Onepoint
Tassilo Hummel / Reuters :
France makes a non-binding offer to buy some of Atos' operations, including its supercomputer and cyber products, for €700M to €1B, as Atos seeks to raise €1.7B
Bloomberg :
Atos, the main cybersecurity provider to the 2024 Olympics, secures €450M in interim financing to stay afloat, including a €50M loan from the French Government
PARIS — When Atos called for help, France just couldn't say no. — The IT company, vital to France's staging …