Blackstone divests Deutsche Telekom stake

The firm is likely to have made a loss from the sale of the 65.2 million shares, resulting from a drop in the company's share price to €8.6. Blackstone bought its stake in the company for €2.68bn in 2006 when the share price was almost €14.

Deutsche Telekom's main shareholder is still the German government, which owns a 15% stake directly and a 17% stake indirectly through the KfW bank.

Company
Headquartered in Bonn, Deutsche Telekom AG is listed on the Frankfurt Stock Exchange. The company was established in its current form in 1996 when it listed on the DAX. The company employs around 240,369 people, generating a revenue of €58.65bn in 2011 and an operating income of €5.59bn.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• DACH
• Technology
• Germany
• Blackstone Group