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Two SES sales raise €429m in a day

Two separate sales in one stock but led by different banks unusually came to the market on the same day as Deutsche Bank and Dresdner Kleinwort Wasserstein raised a combined €429m ($560m) from selling shares in SES Global.

Deutsche Bank was sole bookrunner for Deutsche Telekom on the sale of its 7.3% stake in the Luxembourg-based satellite firm on Wednesday.

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