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Feb 14 (Reuters) - Kaufman & Broad
* Private Equity fund PAI Partners announces the disposal of of 17.74 percent stake in real estate company kaufman & broad to institutional investors.
* PAI Partners will retain about 17.70 percent of Kaufman & Broad.
* BNP Paribas and Crédit Agricole are acting as joint bookrunners for the placement. Further company coverage: (Reporting by Mathieu Rosemain)