Lehman wins €1.1bn KPN block trade

The Dutch government awarded Lehman Brothers the mandate to sell a €1.1bn block of shares today in KPN, the telecoms company, after Citigroup won the last trade in 2003.

Lehman was sole bookrunner of the sale of 150 million KPN shares, a 6% stake, which reduces the government's holding to 14%. NM Rothschild advised the government on the transaction.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It