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KKR nets three times return from German telecom exit

Kohlberg Kravis Roberts is to sell its 75% stake in Versatel to United Internet, three years after taking the company private

Global buyout firm Kohlberg Kravis Roberts has made almost three times its money on the sale of German telecoms company Versatel to a minority stakeholder, netting €517 million.

In a statement on Wednesday, KKR said it had agreed a deal to sell its 75% stake in Versatel to United Internet, three years after taking the company private.

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