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Morgan Stanley cuts stake in KPN to 4.93 pct - regulator

AMSTERDAM | Wed May 16, 2012 2:19am EDT

AMSTERDAM May 16 (Reuters) - Morgan Stanley has cut its stake in KPN, the Dutch telecoms group that Mexican Carlos Slim, the world's richest person, has targeted as a long-term investment and a stepping stone into Europe.

Morgan Stanley held a stake of 4.93 percent, a filing at Dutch market regulator AFM showed on Wednesday, down from 10.01 percent previously.

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