Atos to Present Debt Plan as Onepoint Bolsters Rescue Coalition
- Atos says plan will likely result in shareholders’ dilution
- Largest shareholder Onepoint seeks alternative rescue plan
The Atos headquarters in Paris.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
Embattled French IT company Atos SE will present a debt restructuring plan on Monday, as the company’s top shareholder Onepoint seeks to build a coalition to offer an alternative rescue plan.
Atos last week warned bondholders and banks the refinancing plan, which will be presented at 5 p.m. in Paris Monday, will likely result in the dilution of existing shareholders. A public statement is expected before the market opens on Tuesday.