The European Central Bank holds 20% of Atos bonds, La Lettre says

PARIS, May 20 (Reuters) – The European Central Bank holds about 20% of French IT consulting firm Atos’ bonds, making it the largest bondholder of the group which is reviewing creditors’ proposals to restructure its 4.8 billion euros ($5.21 billion) of debt, French media La Lettre reported on Monday.

The ECB declined to comment.

Atos was a flagship technology component of the French blue-chip CAC-40 share index until 2021. It had grown quickly through acquisitions but suffered from strategic mistakes and unstable governance that have sent its shares down by more than 90% over the last three years.

Source: REUTER