Kohlberg Kravis Roberts, the US buy-out house, has sold its remaining 29% stake in MTU Aero Engines, raising about €424m ($513.8m). Goldman Sachs handled the placement.

Traders said the shares were placed at between €26.25 and €26.30.

Oliver Smiddy

Goldman Sachs

MTU Aero Engines

Deutsche Bank

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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