Saturday, September 23, 2006

Flash: Dutch government sells last KPN shares

The Dutch government has no shares in the incumbent telco KPN any longer. It has sold it last 167 million shares, which represented 8 per cent for about 1.7 billion euro. KPN will buy back about 80 million shares for about 800 million euro. The rest will go the American banks Goldman Sachs and the Citigroup for sales.

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Blog Posting Number: 518

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