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

FILE PHOTO: Logo of French IT consulting firm Atos, in Angers

PARIS (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.

Atos has said it will decide by May 31 among three proposals to restructure its debt by Czech billionaire Daniel Kretinsky; French businessman David Layani, who has an 11% stake; and other Atos bondholders and bank creditors.

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The ECB holds 500 million euros worth of bonds of the group, which it acquired from 2014 to 2017 as part of quantitative easing measures by then-President Mario Draghi to boost growth in the Euro zone, La Lettre reported.

($1 = 0.9206 euros)

(Reporting by Layli Foroudi; Editing by Richard Chang)