💨 Abstract

French IT firm Atos received approval from more than the necessary two-thirds of shareholders and creditors to proceed with a financial restructuring plan. The plan includes converting 2.9 billion euros of debt into equity and receiving 1.5-1.675 billion euros of new debt. Atos has been facing financial difficulties but secured a restructuring deal in June.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖