Atos SE has been granted court approval for its financial restructuring plan by a French commercial court. This approval allows creditors to assume control of the company in the coming months.

This development is significant as Atos works towards stabilizing its operations amidst ongoing challenges in the IT sector. The approved plan will enable Atos to secure new funding of approximately €1.5 billion to €1.7 billion (around $1.6 billion to $1.8 billion) by early 2025. This injection of capital aims to support the company's restructuring efforts as it addresses its financial difficulties and strives to regain stability in a competitive market.