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November 3, 1995

BULL’s ZENITH TO TAKE A 51% STAKE IN IPC FRANCE

By CBR Staff Writer

Compagnie des Machines Bull SA’s Zenith Data System unit has a letter of intent to acquire 51% of IPC Corp Ltd’s IPC Corp (France) SA unit. The Singapore company is one of the new investors in Bull, and the move is part of an exercise by IPC France to raise $30m to finance business development and growth. The new shares will be subscribed for by IPC, Champel Investment SA as well as Zenith; Champel will then hold 30%. IPC will get a 1% royalty on the value of all France sales for eight years.

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