Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Atos shares plunge as rights issue pulled, starts debt talks

(Sharecast News) - Shares in troubled French technology company Atos plunged by a quarter on Monday as pulled a €720m rights issue and entered talks with lenders. Atos said it had appointed a mediator to oversee refinancing talks with lenders. The company faces €2.25bn in debt payments next year.

Talks to sell Tech Foundations, Atos's loss-making IT consulting arm, to Czech businessman Daniel Kretinsky's EPEI group are ongoing, with "no certainty that these negotiations will result in an agreement", Atos said.

It warned in January that free cash flow would be slightly below its initial target for the second half of 2023.

The ditched rights issue was part of a plan unveiled in August to split the company and sell its lossmaking legacy IT business to Czech billionaire Daniel Kretinsky.

Reporting by Frank Prenesti for

Share this article

Related Sharecast Articles

888 beats its own guidance with solid Q1 revenues
(Sharecast News) - Shares in gambling group 888 Holdings rose on Friday after the company delivered first-quarter revenues ahead of guidance and reiterated its confidence in hitting full-year targets.
Old Mutual gets green light from South African Prudential Authority to set up bank
(Sharecast News) - Old Mutual clinched approval from the Prudential Authority to set up a bank subject to specific licence conditions.
Man Group reports 5% increase in Q1 AUM
(Sharecast News) - Investment management firm Man Group reported an improvement in assets under manager in the first quarter, according to a trading update released on Friday.
Woodside Energy posts decline in Q1 production
(Sharecast News) - Woodside Energy reported a 7% quarter-on-quarter decline in output to 44.9 million barrels of oil equivalent per day over the three days ending in March.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.