Atos’s Biggest Investor Scraps Rescue Plan, Leaving Few Options
- Billionaire Kretinsky’s EPEI is interested in restarting talks
- Atos still aims for a refinancing deal with creditors in July
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Negotiations to bail out Atos SE were dealt another blow after its largest shareholder walked away from a plan to rescue the troubled French IT company, leaving it with dwindling options.
David Layani’s Onepoint, a smaller French tech company that holds the largest stake in Atos, had initially beat out a rival bid from billionaire Daniel Kretinsky’s EPEI to negotiate with Atos’s creditors. Now that those talks have failed, Kretinsky’s firm has said it would be willing to restart negotiations, Atos said in a statement on Wednesday.