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General

America Movil brings KPN stake to 8.46%

Tuesday 19 June 2012 | 09:14 CET | News
America Movil has brought its stake in KPN to 8.46 percent, from 8.12 percent, De Telegraaf reported. The Mexican operator bought a total of 4,650,000 shares in three separate transactions, at a price of EUR 7.90 per share. The 8.46 percent stake represents 121 million shares. America Movil made a partial bid for KPN shares in late May at EUR 8.00 per share, saying it wanted to take ist stake to 27.7 percent. KPN opposes the bid, saying it undervalues the companies. The company is now looking at other ways of making the company more interesting to shareholders, including the sale of Belgian

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