Troubled IT giant Atos has postponed approval of its 2023 financial statements until the end of this year as it continues efforts to restructure, which has seen renewed interest from billionaire Daniel Křetínský.
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The French IT integrator announced in a market update that it has received approval from the president of the Pontoise Commercial Court to extend the deadline for a general meeting of shareholders to approve the 2023 financial statements to December 31.
The reason for this is to provide a stable framework in which the company can continue discussions with stakeholders with the aim of reaching a financial restructuring agreement by the end of July, efforts that the company has been making since February.
This includes an extension of 450 million euros ($487 million) of interim financing agreed in principle, Atos said last month, "and an incremental interim financing of 350 million euros from July 2024 until the final implementation of the financial restructuring agreement."
