(CercleFinance.com) – Worldline shares lost more than 7% on Tuesday on the Paris Stock Exchange following the placement by its historic shareholder Atos of around seven million shares, representing 2.5% of the capital.
According to analysts, the transaction was carried out on the basis of a unit price of 33.4 euros, a discount of 5% compared to yesterday’s closing price.
At these levels, the proceeds of the operation therefore represent around 234 million euros.
Atos has concomitantly implemented with Goldman Sachs a derivative transaction with the aim of neutralizing its residual exposure to the Worldline share linked to the exchangeable bonds maturing in 2024, issued in 2019.
‘With these two operations, the two groups untie the last links uniting them’, note this morning the teams of Invest Securities.
“Good news for Worldline given the current difficulties of its former parent company, even if the timing and the exit price appear far from optimal,” adds the brokerage firm.
In its reaction note, Invest points out that the operation was carried out while Worldine’s share price is moving to its recent lows.
Worldline stock is down nearly 7.4% so far, the biggest loss of the SBF 120 index.
For the record, in 2013 Atos grouped all of its payment services and transactional services activities within a single entity, called Worldline, which it floated on the stock exchange in June 2014.
Since going public, Worldline’s value has more than doubled.
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