Atos right down to its final money, Airbus gone, negotiations with collectors: crash on the inventory market | EUROtoday

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We want a deal earlier than the money runs out. The French data know-how group Atos, after dropping the potential of a rescue by Airbus, has began a pleasant conciliation process with its collectors after recording losses of three.4 billion euros in 2023 following vital write-downs (for two.5 billion). Debt on the finish of 2023 rose to 2.23 from 1.45 billion in 2022. The inventory, which has already misplaced 77% on the inventory market because the starting of the yr, is dropping one other 9% on the Paris record

In July the top of the money register

Atos goals to succeed in an settlement with collectors by July and is satisfied that till then the liquidity wants might be lined by the two.4 billion presently in money. In the primary days of April the group will current the parameters of its refinancing plan. At the top of February, Atos interrupted discussions with EP Equity Investments for the sale of Tech Foundations, whereas final week Airbus withdrew from negotiations to buy the large information and cybersecurity actions from the IT group.