PARIS - French IT firm Atos received vote approval from more than the required two-thirds of its shareholders and creditors to proceed with a proposed accelerated safeguard plan, the company said on Friday.

The draft plan includes the conversion of 2.9 billion euros ($3.24 billion) of debt into equity, and the receipt of between 1.5 billion and 1.675 billion euros of new money debt, as part of a package of transactions to take place between November 2024 and January 2025, according to a company statement.