Atos cuts Wordline stake with complex block, EB combo

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By Aidan Gregory
30 Oct 2019

Atos, the French IT services and consulting company, has reduced its exposure to Worldline via an intricate transaction involving a share sale, an exchangeable bond and a private placement of stock. In addition to the sale of shares owned by Atos, SIX Group entered into a collar transaction to hedge its exposure in Worldline.

JP Morgan, Goldman Sachs and Deutsche Bank were global coordinators of the equity placing and the bond issue, but due to the size of the transaction, a host of other bankers were involved on the second line.

Morgan Stanley, Société Générale and

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