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United States France's Atos seeks debt restructuring plan by July after widening losses
(Reuters) - French IT consulting firm Atos on Tuesday said its net loss had widened in 2023 and that it aimed to agree a debt restructuring plan by July as uncertainty looms over the group's future.
"We are also in discussions with our financial creditors with a view to reaching a refinancing plan by July within the framework of an amicable conciliation procedure", Atos CEO Paul Saleh said in a statement.
The company, which owns assets considered strategic by the French government and is struggling to turn around its loss-making business, posted a net loss of 3.44 billion euros ($3.73 billion) for the year ended Dec. 31 after a loss of 1.01 billion euros in 2022.
($1 = 0.9223 euros)
(Reporting by Augustin Turpin; Editing by Jamie Freed)
