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General

America Movil demands changes at KPN - report

Wednesday 13 February 2013 | 15:42 CET | News
America Movil is seeking changes at KPN that may give it greater influence on the Dutch company's management before agreeing to support KPN's planned EUR 4 billion rights issue, people familiar with the matter told Bloomberg. America Movil, which holds a 28 percent stake in KPN, may impose conditions including a seat on KPN's board and the replacement of CEO Eelco Blok, the report said. America Movil will almost certainly not participate in the rights issue unless at least some conditions are met, according to Bloomberg's sources. Analysts warned that if the rights issue does not go ahead,

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Categories: General
Companies: America Movil / KPN
Countries: Netherlands
::: add a comment

Comments

Hi, AMX does not own 28% of KPN. If you look in AMX's latest release you will see that they increased their stake to 29.8%.
Anonymous @ 14/2/2013 - 08:34


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