(AOF) – After a final postponement last week, the board of directors of Atos finally chose the financial restructuring offer from the consortium led by Onepoint, the company of David Layani, the main shareholder of Atos. It competed with that of businessman Daniel Kretinsky. “OnePoint was considered from the start to be the best bidder,” recalls Invest Securities. On the stock market, the shares of the IT company in difficulty fell by 10.75% to 1.0175 euros, taking last place in the SBF 120 index.
“This does not change the fate of current shareholders who should be massively diluted in the financial restructuring,” underlines Invest Securities. They “would hold less than 0.1% of the share capital,” Atos said this morning.
The Onepoint consortium is made up of Onepoint, Butler Industries and Econocom, as well as a group of certain financial creditors of the company. Its offer provides for the conversion of 2.9 billion euros of existing debt into equity; 1.5 billion euros of new funds in the form of debt (including 300 million euros of bank guarantees) and 250 million euros of new funds in equity.
These are divided into 175 million euros coming from the Onepoint consortium, for a 21% stake in the capital, and 75 million euros coming from creditors, for 9% of the capital.
“The proposal is broadly consistent with the key financial parameters set by the company, ensures a more robust capital structure and notably provides adequate financial liquidity to finance the business,” the troubled IT company stressed.
Another important advantage of this offer is that it benefits from “the support of a large number of Atos’ financial creditors and thus ensures with greater certainty the conclusion of a definitive financial restructuring agreement”.
The troubled IT company further believes that it is “best oriented in the social interest of the company, particularly its employees and customers.”
“A major step was taken this morning and finally allows Atos to concretely engage in the last phase of negotiations relating to its financial restructuring, after a long period of uncertainty which affected its activity” declared David Layani, the founding President from Onepoint.
Atos will work with the Onepoint consortium to reach a definitive financial restructuring agreement which will then be implemented through a dedicated fast-track procedure by July 2024.
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