Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Atos Secures 1.675B Euros Financing

July 16, 2024
Reading Time: 3 mins read
in News
Atos Secures 1.675B Euros Financing

French IT consultancy giant Atos has successfully secured 1.675 billion euros in financing through a comprehensive debt restructuring initiative, a critical step as it prepares for an imminent takeover bid by the French government. This significant financing package, arranged via a lock-up agreement with a consortium of banks and bondholders, includes an immediate injection of 800 million euros. Additionally, Atos has access to 440 million euros with plans to receive an additional 350 million euros by the end of July 2024. These funds are intended to bolster Atos’ financial stability amid mounting pressures from a debt load exceeding 2 billion euros, largely driven by the industry shift from on-premises IT services to cloud-based solutions.

The restructuring effort follows unsuccessful attempts by Paris-based Onepoint and European aerospace giant Airbus to acquire Atos’ cybersecurity and advanced computing units. These developments underscore Atos’ strategic challenges and the competitive dynamics within the cybersecurity and managed services sector. The French government’s impending acquisition of Atos’ critical cybersecurity and computing assets is part of a broader national strategy to protect sovereign interests. Under this arrangement, Atos subsidiary Bull SA will issue a “preferred share” to the French government, granting nonvoting representation and prior approval rights aimed at safeguarding sensitive national activities.

Atos CEO Paul Saleh expressed optimism about the restructuring plan, emphasizing its role in enhancing the company’s financial position and credit profile amidst ongoing industry transformations and geopolitical uncertainties. Saleh noted that the financing will enable Atos to not only stabilize its operations but also strategically position itself for future growth in the rapidly evolving cybersecurity and IT services markets. The company’s ability to secure this significant funding amidst complex regulatory challenges highlights its resilience and strategic foresight in navigating turbulent economic landscapes. As Atos continues to realign its strategic priorities and financial structure, stakeholders will closely monitor its progress in leveraging these funds to mitigate debt pressures and capitalize on emerging opportunities in the global cybersecurity landscape.

Reference:
  • Atos Secures 1.675 Billion Euros in Financing Amid Debt Restructuring
Tags: AtosCyber NewsCyber News 2024Cyber threatsCybersecurityeurosFrenchFrench governmentITJuly 2024
ADVERTISEMENT

Related Posts

Spain Busts $11.8M Investment Fraud Ring

Spain Busts $11.8M Investment Fraud Ring

July 4, 2025
Ransomware Gang Hunters International Folds

Ransomware Gang Hunters International Folds

July 4, 2025
Interpol Warns of New West Africa Scam Hub

Interpol Warns of New West Africa Scam Hub

July 4, 2025
Spanish Police Arrest High Profile Hackers

Jury Hits Google Over Android Data Use

July 3, 2025
Spanish Police Arrest High Profile Hackers

Germany and Israel Plan Cyber Partnership

July 3, 2025
Spanish Police Arrest High Profile Hackers

Spanish Police Arrest High Profile Hackers

July 3, 2025

Latest Alerts

Google Removes 352 ‘IconAds’ Fraud Apps

Malicious Firefox Add Ons Steal Crypto Keys

Browser Cache Attack Bypasses Web Security

PDFs Deliver QR Codes in Callback Scams

Critical Sudo Flaws Expose Linux Systems

Unkillable Mac Malware From North Korea

Subscribe to our newsletter

    Latest Incidents

    Tech Incubator IdeaLab Discloses Data Breach

    Brazil’s CIEE One Exposes 248,000 Records

    McLaughlin & Stern Discloses Data Breach

    Cyberattack Hits Medtech Firm Surmodics

    Rhysida Ransomware Hits German Charity WHH

    Hacker Accesses Max Financial’s User Data

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial