The Dutch government awarded Lehman Brothers the mandate to sell a €1.1bn block of shares today in KPN, the telecoms company, after Citigroup won the last trade in 2003.

Lehman was sole bookrunner of the sale of 150 million KPN shares, a 6% stake, which reduces the government's holding to 14%. NM Rothschild advised the government on the transaction.

Shanny Basar

Citigroup

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Lehman wins €1.1bn KPN block trade

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