Atos said on Tuesday it has alerted the French markets regulator after Berenberg...
LONDON - Atos said on Tuesday it has alerted the French markets regulator after Berenberg withdrew its downgrade of the software company’s stock, which briefly wiped almost 450 million euros off its market capitalization.
Berenberg later retracted the note, saying in an email that it had contained an error in its valuation approach and instead analyst Georgios Kertsos placed the stock under review. Berenberg, a private German bank based in Hamburg, declined to comment further and France’s AMF declined to comment. Berenberg issued the retraction after being contacted by Atos’ financial and investor relations team about an error in the report, an Atos spokesman said. He would not disclose any further details.
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