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General

America Movil to stay put at EUR 8 per KPN share

Friday 11 May 2012 | 12:53 CET | News
America Movil does not plan to increase its bid for KPN shares, CFO Carlos Garcia-Moreno told Het Financieele Dagblad. The company will wait to see how many shareholders accept the EUR 8 per share bid. KPN will then have to respond as America Movil will be able to substantially up its stake in the Dutch operator even without cooperation. Moreno said he had not received any invitation from KPN to enter talks.

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Categories: General
Companies: KPN
Countries: Netherlands
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