At the beginning of May, Atos received four offers of help. Most recently, two offers were still in the running. A decision was supposed to be made in the first week of June, but the negotiations do not seem to have been easy. Now there is apparently a solution on the basis of which all parties involved want to work out a final restructuring agreement by July.
Creditors support Onepoint proposal
“The Board of Directors has concluded, under the aegis of the Conciliator, that the proposal received from the Onepoint consortium aligns with the corporate interest of Atos, including its employees, customers, suppliers, creditors, shareholders and other stakeholders,” Atos officially announced on June 11. The proposal fits with the financial ratios presented by the company, ensures a stronger capital structure and, in particular, offers adequate financial liquidity to finance the business. Onepoint’s proposal is also supported by a large number of financial creditors of Atos.
This means that the EPEI consortium with the controversial Czech billionaire Daniel Kretinsky will not get a chance. EPEI had already abandoned its original plans to acquire Atos’ legacy infrastructure management activities, Tech Foundations, in February 2024. Now the second attempt, launched together with the London-based asset manager Attestor, is also failing. EPEI wanted to make Atos the “leading European industrial company for the development, optimization, operation and marketing of data centers as a service”. Less profitable activities are to be abandoned, others are to be relocated to low-cost countries. Whether Atos should be kept together or split up, EPEI left open.
