Government sells off 6.2% of KPN

19 Jan 2005

The government of the Netherlands is to sell a 6.2% stake in the country’s dominant operator KPN for an estimated EUR1 billion (USD1.31 billion). The sale, which is being managed by Lehman Brothers, will leave the government with a holding of around 14%. It has agreed not to sell any more shares for at least 180 days.

Netherlands, KPN