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General

America Movil agrees bid to take control of Telekom Austria

Thursday 24 April 2014 | 09:46 CET | News
America Movil announced plans to launch a takeover bid for the rest of Telekom Austria, as part of a proposed shareholders agreement with the Austrian state. The Mexican company already holds 26.8 percent of the shares and plans to offer EUR 7.15 per share for the remaining shares not held by OIAG, the state holding company that will maintain 25 percent plus one share in Telekom Austria. The operator's stock rose almost 7 percent to the bid price the day after the agreement was struck. In addition to the blocking stake, the state maintained the right to nominate the CEO and chairman of

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Categories: General
Companies: A1 Telekom Austria / America Movil
Countries: Austria
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