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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on April 8, 2024

    Featured image for article about Top Stories

    Butler Industries joins Onepoint in Atos rescue consortium

    PARIS (Reuters) – Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the company’s leading shareholder Onepoint said on Sunday in a statement.

    Onepoint, which holds 11.4% of Atos, said last month it was ready to invest and organise the group’s capital restructuring to protect the integrity of its assets after planemaker Airbus pulled the plug on a deal to buy the ailing company’s cybersecurity assets.

    The consortium’s ambition is “to make Atos the European platform for digital, cybersecurity and artificial intelligence, and the leading European cloud operator,” the Sunday statement read.

    David Layani, chief executive of Onepoint, said he was pleased to have the support of investor Walter Butler, the founder of Butler Industries.

    “He’s strengthening our OneAtos project,” Layani said.

    Saddled with almost $5 billion in debt, Atos will hold a call with its creditors on April 8 as part of its debt restructuring talks.

    Atos’ cybersecurity unit is home to some of France’s strategic assets, including cybersecurity for the upcoming Paris Olympic Games, and authorities have said they are looking at legal ways to keep it under French control.

    (Writing by Juliette Jabkhiro; Editing by Andrew Cawthorne)

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