Germany’s KfW investment bank is to sell off another tranche of the shares that it holds in Deutsche Telekom for an estimated value of almost €2.5 billion ($2.7 billion), the state-owned bank announced after the Frankfurt Stock Exchange closed on Monday. The KfW plans to sell 110 million Telekom shares to institutional investors. Deutsche Telekom shares declined slightly in after-hours trading on the Tradegate platform after the news was announced. The sale would reduce the German state’s stake – held directly and indirectly through the KfW – to 27.8%. “The KfW and the state will remain the la…