Atos creditors reach deal to rescue debt-laden group, La Tribune says

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PARIS - Creditors have reached an agreement that could rescue tech firm Atos, which secures communications for the French army and is set to manage cybersecurity for this summer's Paris Olympic Games, La Tribune newspaper reported on Saturday.

Atos said on Monday it needed 1.1 billion euros in cash to fund its businesses over the 2024-25 period, compared with 600 million euros in a previous estimate, due to changing market conditions.

 

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