France's Atos to launch reverse stock split on March 25
07/03/2025 06:38
March 7 - Atos ATOS.PA said on Friday it is launching a reverse stock split as the French IT group aims to restore investors' confidence after completing a financial restructuring plan last year to overcome a crushing debt crisis. The stock split will start on March 25 and will end on April 24, Atos said in a statement. The company is consolidating its shares such that every 10,000 old shares, each with a par value of 0.0001 euros, will now become a new share with a par value of 1 euro. (Reporting by Gianluca Lo Nostro in Gdansk; Editing by Christian Schmollinger) ((gianluca.lonostro@thomsonreuters.com))
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