Butler Industries joins Onepoint in Atos rescue consortium

FILE PHOTO: The logo of French IT consulting firm Atos is seen on a company building in Bezons near Paris, France, March 20, 2024. REUTERS/Gonzalo Fuentes/File Photo

PARIS (Reuters) - Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the company's leading shareholder Onepoint said on Sunday in a statement.

Onepoint, which holds 11.4% of Atos, said last month it was ready to invest and organise the group's capital restructuring to protect the integrity of its assets after planemaker Airbus pulled the plug on a deal to buy the ailing company's cybersecurity assets.