PARIS (Reuters) – IT company Atos plans to sell a 13.1% stake in Worldline through a placement after the payments company agreed to buy French rival Ingenico.

Atos said in a statement that it would keep a 3.8% stake in Worldline after the process.

French -backed investment bank Bpifrance has committed to purchase 4 million of Worldline’s shares in the placement, the IT company also said.

(Writing by Matthieu Protard; Editing by David Goodman)