* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Atos grabs lifeline from Onepoint

June 15, 2024
in Business
Atos grabs lifeline from Onepoint
Share on FacebookShare on Twitter

Editor in Chief B2B COMPUTERWOCHE, CIO, CSO in Germany

News

Jun 14, 20245 mins

IT Consulting ServicesManaged IT ServicesTechnology Industry

Atos has accepted a financial restructuring proposal from Onepoint, and may also sell parts of its business to Alten and to the French government.

Atos has opted for a rescue offer from Onepoint consortium that, together with offers from the French government and Alten to acquire parts of the business, lifts the cloud of uncertainty hanging over the ailing French IT services company.

Onepoint’s proposal provides for a restructuring of Atos’ financial debt and the establishment of a sustainable capital structure, Atos said on Tuesday, the same day it announced that it had received a €270 million (about $290 million) offer from engineering consultant Alten to acquire Worldgrid, the part of Atos that provides consulting services to energy and utility companies.

On Friday, the French government made its move, offering €700 million (about $750 million) for Atos’ advanced computing, mission-critical systems, and cybersecurity products activities, control of which it considers a matter of national security.

While Atos expects the Alten deal to close later this year, detailed negotiations with Onepoint and with the French government are continuing.

According to Atos, Onepoint’s offer includes the following parameters:

€2.9 billion of existing debt are to be converted into equity,

€1.5 billion in new debt, including €300 million in bank guarantees,

€250 million of equity, including €175 million from the Onepoint consortium and €75 million from creditors.

At the beginning of April, Atos executives had asked existing and potential new investors for offers for recapitalization. At the end of April, the service provider then had to admit that it needed significantly more cash to be able to maintain business operations until 2025. This is unlikely to have made the search for investors any easier, because instead of €600 million, the financing requirement suddenly amounted to €1.1 billion.

At the beginning of May, Atos received four offers of help. Most recently, two offers were still in the running. A decision was supposed to be made in the first week of June, but the negotiations do not seem to have been easy. Now there is apparently a solution on the basis of which all parties involved want to work out a final restructuring agreement by July.

Creditors support Onepoint proposal

“The Board of Directors has concluded, under the aegis of the Conciliator, that the proposal received from the Onepoint consortium aligns with the corporate interest of Atos, including its employees, customers, suppliers, creditors, shareholders and other stakeholders,” Atos officially announced on June 11. The proposal fits with the financial ratios presented by the company, ensures a stronger capital structure and, in particular, offers adequate financial liquidity to finance the business. Onepoint’s proposal is also supported by a large number of financial creditors of Atos.

This means that the EPEI consortium with the controversial Czech billionaire Daniel Kretinsky will not get a chance. EPEI had already abandoned its original plans to acquire Atos’ legacy infrastructure management activities, Tech Foundations, in February 2024. Now the second attempt, launched together with the London-based asset manager Attestor, is also failing. EPEI wanted to make Atos the “leading European industrial company for the development, optimization, operation and marketing of data centers as a service”. Less profitable activities are to be abandoned, others are to be relocated to low-cost countries. Whether Atos should be kept together or split up, EPEI left open.

Atos should not be split up

Instead, Onepoint had emphasized in its offer that it wanted to preserve Atos in its entirety and focus on the vertical integration of Atos’ diverse business areas. This includes cloud hosting, infrastructure management, cybersecurity and consulting services, among others. The aim is to build a French champion for large-scale transformations for companies and public players, with a turnover of €11 billion and around 100,000 employees, the offer said. “Cybersecurity will be an integral part of the continuum from managed services to infrastructure.”

This Onepoint strategy probably fit better with the ideas of the Atos managers. “Today is an important milestone in our financial restructuring process,” said Jean-Pierre Mustier, Chairman of the Board of Directors of Atos, commenting on the decision. A solution has been created that corresponds to the interests of the company’s stakeholders, especially employees and customers. “The proposal submitted by the Onepoint consortium is generally in line with the key financial parameters outlined by the company in April,” added Atos CEO Paul Saleh. “In particular, it will adequately fund the deal.”

Atos will now work with the Onepoint consortium under the auspices of the arbitrator to finalize the final contract documents, with the aim of reaching a final agreement on the financial restructuring by July.

SUBSCRIBE TO OUR NEWSLETTER

From our editors straight to your inbox

Get started by entering your email address below.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/2147825/atos-grabs-lifeline-from-onepoint.html

Tags: businessgrabslifeline
Previous Post

Cognizant lanza un conjunto de soluciones basadas en LLM para el sector sanitario

Next Post

How can CIOs safely unleash generative AI on their company’s data?

Revisiting Pope Francis’ Call for ‘Ecological Conversion’ – Sojourners

Pope Francis’ Urgent Call for an ‘Ecological Conversion’: A Fresh Perspective

October 21, 2025
PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

October 21, 2025
An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

October 21, 2025
We live in a sailboat and travel the world full-time… but our lifestyle isn’t as glamorous as you’d think – Daily Mail

Living Full-Time on a Sailboat and Traveling the World: The Reality Behind the Glamour

October 21, 2025
3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

October 21, 2025
This Week in Navy Sports Presented by Navy Federal Credit Union – Naval Academy Athletics

Thrilling Moments from This Week in Navy Sports

October 21, 2025
New Land Cruiser “FJ” Makes World Premiere – トヨタ自動車株式会社 公式企業サイト

Unveiling the All-New Land Cruiser “FJ”: A Bold and Exciting World Premiere

October 20, 2025
World economy resilient but underwhelming, says IMF chief – African Business

Global Economy Proves Resilient Yet Growth Falls Short, Warns IMF Chief

October 20, 2025
Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

October 20, 2025
Proteases in intestinal health and disease – Nature

The Vital Role of Proteases in Intestinal Health and Disease

October 20, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (878)
  • Economy (899)
  • Entertainment (21,770)
  • General (17,713)
  • Health (9,940)
  • Lifestyle (912)
  • News (22,149)
  • People (900)
  • Politics (909)
  • Science (16,110)
  • Sports (21,399)
  • Technology (15,879)
  • World (882)

Recent News

Revisiting Pope Francis’ Call for ‘Ecological Conversion’ – Sojourners

Pope Francis’ Urgent Call for an ‘Ecological Conversion’: A Fresh Perspective

October 21, 2025
PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

October 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version