2024-07-01
A few thoughts: ● Banks and bondholders take control of @Atos and won't require the services from either the @onepoint consortium or Daniel Kretinsky's EPEI ● The announcement has confirmed the planned sale of most of BDS to the French state and of Worldgrid to @ALTEN_group
Bloomberg
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 ...
● A €233m equity raise ● A €2.9bn debt conversion into capital. With this, @Atos will reduce its net debt by €3.1bn. Once the transaction is completed, current shareholders will own less than 0.1% of Atos. Atos aims to finalize the transaction by the end of 2024/Q1 2025
Bloomberg
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 ...
2020-10-09
A news that happen once every ten years: @IBM is to spin-off the IT infrastructure service unit of GTS and list it. NewCo will have a headcount of 4.6k, and a backlog of $60bn. It will provide hosting, network services, service mgt, and cloud migration https://newsroom.ibm.com/...
ZDNet