The main owners of Denmark's TDC have raised nearly 3 billion Danish crowns ($521.5 million) from the sale of stock in the telecoms group, reducing their stake for a second time this year.NTC Holding, a consortium of investment firms Apax Partners, the Blackstone Group LP, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners, said on Tuesday it had sold 80 million shares in TDC.The shares, sold via an accelerated offering overnight, were priced at 37.1 crowns each, a source close to the deal said, adding that the sale was "comfortably oversubscribed".That price marks a 4.8 percent discount to Monday's closing share price of 38.95 crowns. TDC's shares were down 3.8 percent at 37.46 crowns by 0949 GMT.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $14.59. In the past year, the shares have traded as low as $11.13 and as high as $17.25. On average, 3307950 shares of BX exchange hands on a given day and today's volume is recorded at 0.
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