French IT services giant Atos is grappling with a deepening crisis as its main shareholder, Onepoint, pulls out of a critical rescue proposal. The plan aimed to convert €2.9bn of Atos debt into equity and inject €250mn to stabilise the company, but the conditions for a viable agreement weren't met, Onepoint stated. This setback comes amid Atos' struggle with a hefty €4.8bn debt load, multiple CEO changes, and a sharp decline in its stock value (down 12% recently). Talks with Czech billionaire Daniel Křetínsky, who has shown renewed interest in negotiations, may resume, adding to the uncertainty.The French government is also stepping in, eyeing strategic Atos assets for national security reasons, underscoring the company's critical role. With ongoing discussions and a high-stakes restructuring underway, Atos faces a pivotal moment in its bid for stability.

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