Peace breaks out at Atos Origin

Troubled IT services giant appeases shareholder revolt and seeks to repair brand damage

Atos Origin: no intention to break up the company

Atos Origin today issued an extraordinary statement saying it has resolved the problems that led to the abandonment of a shareholder meeting last week.

The company says it has now agreed to appoint a nine-man supervisory board and to the removal of its previous head in conjunction with the wishes of shareholders Pardus Capital Management LP and Centaurus Capital LP, which jointly hold about 23 per cent of Atos Origin shares.

Both sides said they regretted the disagreement at the meeting on 22 May and cited their "mutual respect" for each other.

“Pardus Capital Management and Centaurus Capital reiterate that they have no intention to break up the company, and confirm that they have all confidence in the professional skills of the management board members and the entire staff,” read the statement.