Atos ditches share sale for bank talks, shares plunge


FILE PHOTO: The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo

(Reuters) -Shares in French technology company Atos plunged 27% on Monday after it dropped plans for a rights issue citing "changes in the market environment" and said it had started talks with its banks about refinancing its debt.

Atos, which last month named its fourth new chief executive in less than two years and has grappled with a series of profit warnings, said it would request the appointment of an independent third party to facilitate talks with banks.

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