The board of France’s Groupe Bull Thursday approved an immediate capital infusion of $570 million in government aid. The troubled computer company owns Buffalo Grove-based Zenith Data Systems.
The capital injection is the latest bailout, continuing a flow of subsidies to the firm that began in 1963.
The French government will put in the lion’s share of the money, with the remainder coming from government-owned telephone monopoly France Telecom, which holds 17 percent of Bull.
Bull, which has piled up losses of about $3.7 billion in the last five years, has said it expects to post an operating profit this year.
The capital infusion is part of a $2 billion aid package approved by the European Union in October. France already has injected $1.5 billion into the company in the last year.
