-- Embattled French IT services company Atos SE raised the amount of cash it is seeking to €1.7 billion from €1.2 billion previously and wants to cut its debt further in an update to its rescue plan.Atos needs €1.1 billion to run its business in 2024 and 2025 from €600 million earlier, it said in a statement Monday. It is also seeking to reduce its debt by €3.3 billion, or by two-thirds, compared to a previous plan of €2.4 billion.
The government was compelled to intervene for national security reasons, given Atos’s key role as a supplier of IT services to the country’s nuclear and defense sectors as well as for cybersecurity at this summer’s Paris Olympics.
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