Morgan Stanley emerges as big KPN investor
AMSTERDAM (Reuters) - Morgan Stanley has emerged as one of the biggest shareholders in KPN , the Dutch telecoms firm that Mexican billionaire Carlos Slim has targeted as a long-term investment and a stepping stone into Europe. Morgan Stanley does not hold KPN shares on behalf of Slim's company America Movil , which is seeking to take a 28 percent stake in KPN via a tender offer, a spokeswoman for Slim's group told Reuters. It was not clear whether Morgan Stanley, which declined to comment, held the stake on its own account or for clients. ...
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