Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Head of leading Atos shareholder Onepoint says ready to lead rescue plan

Published 25/03/2024, 07:54
Updated 25/03/2024, 07:56
© Reuters. The logo of French IT consulting firm Atos is seen on a company building in Bezons near Paris, France, March 20, 2024. REUTERS/Gonzalo Fuentes/File Photo

PARIS (Reuters) - The chief executive of Onepoint, the leading shareholder of troubled Atos, said on Monday he was prepared to head a rescue plan for the tech group to protect "the integrity of its assets", but Atos said it had not discussed any such plan.

The French Finance Ministry said last week that France would use all the means at its disposal to guarantee the protection of the strategic assets of Atos after planemaker Airbus pulled the plug on a deal to buy the ailing company's cybersecurity assets.

That latest setback for Atos came just weeks after the collapse of a deal to raise urgently-needed cash through the sale of Atos's legacy operations to Czech billionaire Daniel Kretinsky.

"One must imediately stop all plans to sell assets and protect the integrity of the assets through building a New One Atos that starts again on a sound basis," David Layani, chief executive of Onepoint, told Le Figaro newspaper.

Onepoint, which holds 11.4% of Atos, was ready "to invest and organise the group's capital restructuring," he said, adding his plan was "the best solution to (Finance Minister) Bruno Le Maire's concerns"

Atos said in statement on Monday it was taking note of Layani's comments, stressing that no Onepoint plan had been presented to its board.

If a plan was presented to Atos board, it "will be able to analyse it and communicate its position in due course" it added.

Atos will communicate on its 2023 results and next steps on March 26.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.