Butler Industries Joins Consortium With Onepoint to Rescue Atos [BNN Bloomberg (Canada)]
AIRBUS SE UNSP/ADR (EADSY)
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Source: BNN Bloomberg
The goal is to make Atos “the European platform for digital, cybersecurity and artificial intelligence, and Europe's leading sovereign cloud operator,” by “protecting and preserving all group assets, enabling the group to return to profitable growth as soon as possible and restructuring Atos' debt,” according to the statement. Last week, French Prime Minister Gabriel Attal insisted on the need to secure the financial stability of Atos, which is meant to handle cybersecurity at the Paris Olympics this summer. He also said Atos's cybersecurity business and super calculators — which are key for the French nuclear industry — had to remain under French control. David Layani, the head of Paris-based Onepoint, told Le Figaro newspaper last month that he was prepared to lead the recapitalization of the whole group with the support of its employees. The problems at Atos swelled after it failed to raise funds to address €3.65 billion ($3.96 billion) of debt due by the end of 2025. Talks
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