French FSI fund takes stake in IT group Bull

PARIS Thu Aug 4, 2011 2:07am EDT

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PARIS Aug 4 (Reuters) - France's FSI strategic investment fund has taken a 5 percent stake in French information technology group Bull , it said in a statement on Thursday.

FSI executive committee member Bertrand Finet said the fund supported Bull's management team and strategic plan.

The FSI added it would seek to have a representative on Bull's board following the stake purchase.

Bull posted sales of more than 1.2 billion euros ($1.7 billion) last year, with almost half in its international business, and employs about 8,600 staff, including more than 4,500 in France, the FSI said.

($1 = 0.700 Euros) (Reporting by James Regan; Editing by Christian Plumb and David Hulmes)