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Search resuls for: "David Layani"


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This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. Atos said it would go ahead with a proposal by major shareholder David Layani, whose IT firm Onepoint held around 11% of Atos' share capital and voting rights as of December 2023 according to its website. The deal will nevertheless lead to a "massive dilution" of existing shareholders, who are set to hold less than 0.1% of share capital once it is completed, Atos said. Atos said Layani's deal included a stronger capital structure and provided the firm with enough financial liquidity to stay in business. Layani's deal is fronted by Onepoint, as well as investment company Butler Industries, IT company Econocom and some of Atos' financial creditors.
Persons: Ludovic MARIN, LUDOVIC MARIN, Atos, David Layani, Onepoint, Daniel Kretinsky Organizations: Getty, Butler Industries, Paris Locations: Bezons, Paris, AFP, French, London, Czech
This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)Shares of the struggling French IT firm Atos tumbled on Monday as the company weighs between two rescue deals both set to lead to "massive dilution" of existing shareholders. The two restructuring deals on the table are led by Czech billionaire Daniel Kretinsky and key Atos shareholder David Layani. "The implementation of the proposals will result in all cases in a massive dilution of the existing shareholders of Atos SE," Atos said in a statement on Monday. The company said it was working with financial creditors to secure maximum support for one of the deals by June 5, aiming to reach final agreement on restructuring in July.
Persons: Ludovic MARIN, LUDOVIC MARIN, Atos, Daniel Kretinsky, David Layani Organizations: Getty, Atos Locations: Bezons, Paris, AFP, London, Czech
Airbus drops offer for stake in Atos unit, shares tumble
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +2 min
PARIS, March 29 (Reuters) - Airbus (AIR.PA) has decided not to make an offer for a minority stake in Atos' soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%. Its shares plunged on Wednesday after news that Airbus was dropping out of the Evidian deal to close 16.75% lower. "Atos takes note of Airbus' decision to no longer pursue the discussions it initiated in February 2023," it said in a separate statement. At that valuation, a 29.9% share stake in Evidian would have a price tag of 1.2 billion euros. Atos rejected last September an unsolicited offer from rival onepoint and UK private equity fund ICG at an indicative enterprise value of 4.2 billion euros ($4.1 billion).
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