Atalian - comment

Maximilien Pellegrini has left after only a few months, the Strategic Plan has not emerged, and now we have the sale of the US assets. Turning around the US business was always going to be tough, and the GDI deal looks to be an admission of defeat. Bondholders are now relying on the French and CEE assets.  Franck Julien has cash but needs to deal with his debt stack to preserve his equity. We will update you as soon as any more detail emerges.

- Cash from the sale of the US Assets will be small; facilities management is an asset-light business. 

https://atalian.com/wp-content/uploads/2023/10/2023-10-17-PRESS-RELEASE-GDI-ATALIAN.pdf 

https://atalian.com/wp-content/uploads/2023/10/2023-10-16-PR-ATALIAN-ENG-FRÉDÉRIC-BAVEREZ.pdf