Blackstone (BX) likely books a loss as it cuts its stake in Deutsche Telekom (DTEGY.PK) by about...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX) likely books a loss as it cuts its stake in Deutsche Telekom (DTEGY.PK) by about a third to 2.93%. Blackstone netted about $713M on the sale vs. the $1.12B the shares were worth when purchased in 2006. The German government remains Deutsche's largest shareholder with direct and indirect holdings summing to a 32% stake.