Atos announced Thursday that it has finalized its financial restructuring, an operation that will enable it to post a "more sustainable" capital structure.

The technology group says it has reduced its gross debt by 2.1 billion euros through the conversion into shares of some 2.9 billion euros of debt and the repayment of interim financing of 800 million euros.

In addition, Atos has received 1.6 billion euros in the form of new preferential financing and around 145 million euros in new equity resulting from capital increases.

The company points out, however, that its implementation of the plan has led to a "massive" issue of new shares and "substantial" dilution of its shareholders, since the number of shares making up its capital now stands at over 179 billion.

However, with no debt repayment due by the end of 2029, Atos believes it now has the resources and flexibility needed to execute its medium-term strategy.

As announced in October, Jean-Pierre Mustier will step down as CEO and director at the close of the next Annual General Meeting, scheduled for January 31.

As of February 1, Philippe Salle will take over as Chairman and CEO of the company.

Alain Crozier, Monika Maurer and Astrid Stange have indicated their intention not to seek renewal of their terms of office as directors at the AGM, which will reduce the Board of Directors to eight members.

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