Business
France steps up efforts at examining how to protect struggling IT company Atos
Published by Jessica Weisman-Pitts
Posted on November 1, 2024
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by Jessica Weisman-Pitts
Posted on November 1, 2024
1 min readLast updated: January 29, 2026
PARIS (Reuters) – France stepped up efforts on Friday to protect Atos, the country’s struggling and debt-ridden software company which is undergoing a restructuring.
PARIS (Reuters) – France stepped up efforts on Friday to protect Atos, the country’s struggling and debt-ridden software company which is undergoing a restructuring.
The parliament’s Finance Commission said on Friday it had adopted an amendment that could lead to a nationalisation of Atos.
On Thursday, the French state also subscribed to a capital increase at Atos division Bull.
Atos, regarded as one of Europe’s most strategic firms in the software and technology sector, secures communications for the French military as it owns the supercomputers that simulate nuclear bomb tests in France.
It also provides critical IT services to the National Health Service in Britain.
(Reporting by Kate Entringer; Editing by Sudip Kar-Gupta)
Restructuring refers to the process of reorganizing a company's structure, operations, or finances to improve efficiency and adapt to changing market conditions.
Supercomputers are highly advanced computing systems capable of processing vast amounts of data at extremely high speeds, often used for complex simulations and calculations.
Corporate strategy is a comprehensive plan that outlines how a company will achieve its goals, allocate resources, and gain a competitive advantage in the market.
Debt financing involves borrowing funds to be paid back with interest, often used by companies to raise capital for expansion or operational needs.
Explore more articles in the Business category
