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General

Morgan Stanley reduces stake in KPN

Thursday 17 May 2012 | 09:16 CET | News
Morgan Stanley reduced its stake in KPN to 4.93 percent on 11 May, Reuters reported, citing Dutch market regulator AFM. The AFM registered a stake of 10.01 percent on 4 May, four days before America Movil put forth a bid for KPN shares, wishing to take its stake to 30 percent. Analysts said Morgan Stanley could have been holding the shares on behalf of clients and for trading purposes.

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Categories: General
Companies: America Movil / KPN / Morgan Stanley
Countries: Netherlands
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