Butler Industries joins Onepoint in Atos rescue consortium
PARIS : Paris-essentially essentially based mostly Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the corporate’s leading shareholder Onepoint acknowledged on Sunday in a observation.
Onepoint, which holds 11.4 per cent of Atos, acknowledged closing month it changed into as soon as ready to make investments and organise the community’s capital restructuring to guard the integrity of its assets after planemaker Airbus pulled the trot on a deal to aquire the in unhappy health company’s cybersecurity assets.
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The consortium’s ambition is “to make Atos the European platform for digital, cybersecurity and artificial intelligence, and the leading European cloud operator,” the Sunday observation read.
David Layani, chief govt of Onepoint, acknowledged he changed into as soon as contented to hang the make stronger of investor Walter Butler, the founder of Butler Industries.
“He’s strengthening our OneAtos venture,” Layani acknowledged.
Saddled with nearly $5 billion in debt, Atos will retain a name with its creditors on April 8 as half of its debt restructuring talks.
Atos’ cybersecurity unit is dwelling to a pair of France’s strategic assets, alongside with cybersecurity for the upcoming Paris Olympic Games, and authorities hang acknowledged they are having a see at appropriate ways to serve it below French administration.
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(Writing by Juliette Jabkhiro; Editing by Andrew Cawthorne)
Source: Reuters
