KKR sells its stake in Danish telecoms firm TDC for $744 million --Reuters

Private equity firm Kohlberg Kravis Roberts & Co (KKR) (KKR.N: Quote, Profile, Research, Stock Buzz) has sold its 11 percent stake in Danish telecoms firm TDC (TDC.CO: Quote, Profile, Research, Stock Buzz) for $744 million, taking advantage of a recent surge in telecoms stocks to make a long-expected exit from the business, Reuters reported.

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