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General

America Movil trims stake in KPN

Wednesday 12 February 2014 | 12:30 CET | News
America Movil said it had a 27.1 percent stake in Dutch operator KPN at the end of 2013, down from the previously announced 29.7 percent. The announcement was made in the publication of its annual results. KPN CEO Eelco Blok told the Financial Times that the company was starting to repair relations with its largest shareholder, after rejecting America Movil's takeover bid last year. He admitted the relationship was "not really good" after the failed bid, but said it has since improved, although "not as good as it was before the offer". The America Movil members on KPN's board are

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Categories: General
Companies: KPN
Countries: Netherlands
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