Atos creditors, shareholders approve draft accelerated safeguard plan

Quick Summary:

PARIS - French IT firm Atos received vote approval from more than the required two-thirds of its shareholders and creditors to proceed with a proposed accelerated safeguard plan, the company said on Friday.

The draft plan includes the conversion of 2.9 billion euros ($3.

The Nanterre Commercial Court will examine the draft plan at an Oct.15 hearing, and is expected to render its decision by the end of October.

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Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Plan 2024 Billion Euros Company Atos Debt Draft Proceed French Firm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 05:01:29 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 253 words

Reading Time: 2 minutes read

Sentences: 9 lines

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Copyright Owner: © Channel News Asia

News ID: 22754949

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