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General

America Movil officially launches bid for KPN shares

Wednesday 30 May 2012 | 09:33 CET | News
America Movil has officially made a cash offer for part of KPN. The Mexican company wants to take its 4.8 percent stake in KPN to 27.7 percent, at EUR 8.00 per share. The offer expires on 27 June. According to America Movil, KPN has an attractive position in key European markets. The Mexican company supports the strategic plans of KPN management, such as they have been disclosed up to now, and expects KPN's management, supervisory board and shareholders to continue developing a constructive relationship for the long term. KPN said it has noted the partial offer of America Movil and that is

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Categories: General
Companies: KPN
Countries: Netherlands
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