Kretinsky Sweetens Atos Rescue Proposal As Deadline Extended (1)

Atos SE has extended its deadline for selecting a preferred rescue bid to allow for further negotiations about the refinancing proposals.

The French information technology company is evaluating offers from Czech billionaire Daniel Kretinsky’s EP Equity Investment and rival French IT company Onepoint, which both submitted proposals with partners. It’s extending its decision deadline to the “beginning of the week of June 10,” according to statement Thursday.

The conciliator overseeing the refinancing talks has requested more time to ensure maximum support from the company’s creditors, Atos said. The heavily indebted company still aims to reach a final financial restructuring ...