:Atos, the crisis-hit French IT consulting firm whose shares have plummeted over the last two years, said it was aiming to restructure its debt by July, paving the way for a potential capital increase to shore up its balance sheet.
The technology giant, which manages data and cybersecurity for France’s nuclear industry and the upcoming Olympic Games, will seek to find common ground with creditors over the whole of its debt, which stood at 4.65 billion euros ($5.04 billion) at the end of 2023, it said.
Atos says it still has enough liquidity to run the business for now but its debt burden has become unsustainable, with 3.65 billion euros worth of debt due by end of 2025, as recent attempts to inject cash from asset sales failed.
The comp…
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