France’s Atos to sell Worldgrid unit to Alten for about $290 million
:Debt-laden French tech group Atos stated on Tuesday it has entered irregular negotiations for selling its Worldgrid unit for an endeavor price of 270 million euros ($289.93 million) to engineering consulting group Alten.
The Worldgrid enterprise, which provides consulting and engineering providers and products to vitality and utility companies, has terminate to 1,100 staff.
Commercial
The proposed deal would earn sure fleshy continuity of service for the objects’ purchasers and staff, Atos stated.
Earlier on Tuesday, Atos picked a proposal to restructure its debt led by anchor investor David Layani, preferring it to a rival proposal from Czech billionaire Daniel Kretinsky.
Layani’s pitch, that will additionally simply massively dilute present shareholders, centres on preserving Atos below French help watch over and preserving jobs and sources no topic the pressing must restructure the group’s 4.8 billion-euro debt.
($1 = 0.9313 euros)
Commercial
Source: Reuters
