Government to sell its final 8% stake in KPN

The Dutch government has agreed to sell its remaining 8% equity stake in former telecoms monopoly KPN, according to a statement from the Finance Ministry. The sale is thought to be worth around EUR1.7 billion (USD2.2 billion). The state is selling 167 million shares, 80 million of them to KPN itself and the remainder to US banking groups Goldman Sachs and Citigroup.