Atos CEO Says Debt Talks Will Save Fallen French Tech Star

Talks with creditors are ‘very, very positive,’ Saleh said
French government happy with ‘secondary’ participation

WATCH: “We are actually working with our creditors, both our banks and our bondholders, for a solution to our high level of debt,” Atos CEO Paul Saleh tells Bloomberg.Source: Bloomberg

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By Benoit Berthelot, Caroline Connan, and Irene Garcia Perez

April 17, 2024 at 5:00 AM UTC

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Atos SE Chief Executive Officer Paul Saleh — facing a mounting debt crisis, failed deal talks, and a share price that’s sunk about 97% in the last seven years — said that talks with creditors are progressing and he’s confident that the French IT company will be “saved” in a plan that will be finalized by July.

“The dialog is very, very positive,” Saleh said in an interview at Bloomberg’s office in Paris on Tuesday. “I do believe that everybody is aligned.”