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General

America Movil ends shareholder agreement with KPN

Monday 29 July 2013 | 09:08 CET | News
Dutch operator KPN announced that it has been informed by its shareholder America Movil that it has terminated their relationship agreement signed in February with immediate effect. America Movil confirmed the decision in a statement, without providing further details. In addition to governance issues, the agreement included a standstill providing that AMX would not increase its shareholding to 30 percent of more, the trigger for a full takeover bid of KPN. AMX will continue to have two seats on KPN's supervisory board as long as it holds 20 percent in the Dutch company. The announcement

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Categories: General
Companies: America Movil / KPN
Countries: Netherlands
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