October 29, 2019 / 5:24 PM / 16 days ago

French group Atos to sell part of minority stake in payments company Worldline

Oct 29 (Reuters) - French technology company Atos said it would sell down part of its minority stake in payments group Worldline with the disposal of around 1.2 billion euros ($1.33 billion) worth of Worldline shares.

Atos said it was selling the stake via a private placement, and added it would retain a stake of around 13% in Worldline’s share capital following the sale, the proceeds of which would be used to help pay down debts.

$1 = 0.9003 euros Reporting by Sudip Kar-Gupta

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