Deutsche Telekom AG announced late today it intends to sell approximately 10 million shares in Scout24 AG, representing its entire stake of 9.3 percent. It will receive an estimated €340 million ($378 million U.S.) from the sale.
Kate Rodriguez covers the German market for AIM Group. She is a freelance business writer with an extensive background in public policy, business consulting and marketing. Originally from the U.S., Kate is now based in Munich.