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Private equity firm KKR sold its remaining holding in Danish telecoms company TDC on Thursday night, drawing quick demand from the stock's keen following to raise Dkr4.16bn ($740m).
KKR -- the last remaining shareholder from a private equity consortium that began exiting the company with TDC's IPO in 2010 -- sold around 90m shares, representing 11% of the company for Dkr46.30 each. That was a 3.3% discount to Thursday's Dkr47.88 close.
