Reported 4 months ago
Deutsche Telekom AG’s largest investor, German state-owned bank KfW, is selling 110 million shares in an offering valued at about €2.5 billion. The sale is expected to close on Monday with settlement on Thursday, with Morgan Stanley, JPMorgan Chase & Co., and Deutsche Bank AG offering the shares in the German telecommunications company. Deutsche Telekom’s shares have gained 4.1% this year.
Source: YAHOO