Atos said Tuesday that it would work with the Onepoint consortium to reach a definitive financial restructuring agreement to be implemented by July 2024. Atos's debt at the end of March deepened to EUR3.9 billion from EUR2.3 billion at the end of last year. Atos said the Onepoint rescue deal aligned with the corporate interests of the company, particularly those of its employees and clients. "Today is an important milestone in our financial restructuring process," Atos Chairman Jean-Pierre Mustier said. "This solution gives us a clear path to reach a final financial restructuring agreement by July."

Source: Wall Street Journal June 11, 2024 06:46 UTC