Atos delays sign-off on 2023 finances as it weighs restructure offers

Ailing IT giant Atos has delayed approval of its financial statements for 2023 until the end of this year as it continues efforts to restructure, which have seen renewed interest from billionaire suitor Daniel Křetínský.that it has obtained approval from the president of the Pontoise Commercial Court to extend to December 31 the deadline for a shareholder Annual General Meeting to approve its 2023 financial statements.

Earlier, the IT services outfit said it would need €1.1 billion to fund the business over the 2024-25 period, and it had received a non-bindingfrom the French state to acquire certain assets from its Big Data & Security business, including the Advanced Computing, Mission-Critical Systems, and Cybersecurity Products.

Energy billionaire Křetínský had previously been in negotiations to take control of the Tech Foundations part of Atos, comprised of its datacenter and hosting, digital workplace and business process outsourcing operations, but the talks Reuters had earlier revealed that the EPEI group, joined by UK investment fund Attestor, did indeed plan to reduce the company's debt by €4 billion by compensating creditors with some of the proceeds from selling off parts of Atos, in addition to bringing in €600 million in new investment. In exchange, EPEI would get nearly full ownership of Atos.

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