France Télécom's planned sale of its 54% stake in PagesJaunes is creating tension between the private equity and hedge fund shareholders of the French directories company.

France Télécom is selling its stake, worth an estimated €3.5bn ($4.4bn), to fund its purchase of internet services provider Wanadoo.

James Mawson

France Télécom

Eurazeo

Kohlberg Kravis Roberts

PagesJaunes

Goldman Sachs

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Hedge funds put squeeze on PagesJaunes

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