America Movil declares partial bid for KPN unconditional

Friday 29 June 2012 | 09:44 CET | News
America Movil said its partial offer for KPN is now unconditional. The Mexican operator now holds 393,283,000 shares in KPN, representing a stake of 27.7 percent. The company said it will not accept any more shares tendered. The Dutch market regulator AFM has been informed that the stake has moved higher than 25 percent. America Movil said the stake acquisition is part of its forward strategy of pursuing geographic diversification, as key to providing greater stability to cash flow and profitability and contributing to strong credit ratings. The Mexican company believes that it and KPN will

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Categories: General
Companies: KPN
Countries: Netherlands
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