Troubled tech giant Atos has further delayed a decision on its restructuring, pushing back until next week the choice of a bailout package to reduce the company's debt and get its finances back on track.
[Atos Tech Days] Customer case: How to implement a next generation service to support new business model
The French IT integrator and consultant had given itself a June 5 deadline to choose between competing restructuring proposals designed to get the company back on its feet, but uncertainty for clients continues as it appears Atos needs more time to decide one.
As described earlier this week, the choice depends on financial restructuring proposals offered by two groups: a consortium of IT services Onepoint, Butler Industries and Econocom, plus some of Atos' creditors; and Czech billionaire Daniel Křetínský and his EP Equity Investment Group (EPEI) in association with the British investment fund Attestor.
In an update this morning (June 6), Atos revealed that it is in discussion with both parties who have submitted revised restructuring proposals.
