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French IT Firm Atos Seeks at Least €1 Billion in New Funds, Aims to Halve Debt
The embattled French IT company Atos SE is seeking more than €1 billion in new funds and plans to cut its current debt pile by at least half, according to a restructuring plan presented to creditors late Monday.
Atos is aiming to convert about half of its debt into equity as part of the plan while extending the maturity of its remaining obligations. Photographer: Eric Piermont/AFP/Getty Images
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