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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TECHNOLOGY
- Atos have received a non-binding letter of intent from the French gov’t to acquire the Advanced Computing, Mission-Critical Systems and Cybersecurity Products components of their BDS unit at an indicative EV of EUR 700-1000mn. Confirmatory non-binding offer expected by early June.
- Atos has revised the parameters of the restructuring framework released in early April; now require EUR 1.1bn for 2024-25, up from previous EUR 600mn. Aiming for BB credit rating by 2026 which assumes leverage <2x and reducing gross debt by EUR 3.2bn (previously EUR 2.4bn).
- Revenue CAGR over 2023-2027 now seen at +2.3% compared with +3.1% from last update.
- Deadline for the submission of financing proposals extended to 03 May. Restructuring agreement still aims to be in place by July 2024.
- https://atos.net/en/2024/press-release_2024_04_29/market-update-april-29-2024.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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