Billionaire Kretinsky, OnePoint Make Bailout Offers for Atos [Yahoo! Finance Canada]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance Canada
the company that will frame the discussions with its stakeholders around its restructuring. Most Read from Bloomberg David Layani's OnePoint, a group of Atos creditors, private equity firm Bain Capital and billionaire Daniel Kretinsky alongside credit fund Attestor Ltd. submitted offers last week, the company said in a statement on Monday. The company decided not to pursue discussions with Bain Capital because the private equity firm's offer didn't meet Atos' objectives. ADVERTISEMENT Read More: Kretinsky Teams Up With Attestor in Bid for French IT Firm Atos Atos intends to reach a restructuring deal with its creditors on May 31 and a final agreement by July 2024. Chief Executive Officer Paul Saleh is trying to salvage Atos, which was once one of the country's premier tech companies before a series of setbacks left it on the verge on insolvency. The company has said it needs to raise €1.7 billion of new money to fund the business through 2025 and to cut debt by €3.2 billion.
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