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Blackstone Group LP Cuts Stake In Deutsche Telekom AG-Reuters

Friday, 9 Nov 2012 01:52pm EST 

Reuters reported that Blackstone Group LP has cut its stake in Deutsche Telekom AG by about a third in a move likely to have notched up a loss for the U.S. private equity group. Deutsche Telekom said that Blackstone's stake had fallen to 2.93% on November 6, 2012. Blackstone declared in early August that its shareholding in Deutsche Telekom was 4.44%.