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International Business Times

AFP News

Struggling French Tech Group Atos Weighs Financial Lifelines

ATOS Olympics Bain Capital

Atos runs supercomputers for France's nuclear deterrent, holds contracts with the French army and is the IT partner for the Paris Olympics (Credit: AFP)

Struggling French tech group Atos, an Olympics partner and key French defence contractor, said Monday it would make a decision on financial restructuring offers by May 31.

Atos -- which runs supercomputers for France's nuclear deterrent, holds contracts with the French army and is the IT partner for the Paris Olympics -- is sagging under almost five billion euros ($5.4 billion) of debt.

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