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General

Dutch shareholders group calls for limits on KPN foundation

Tuesday 3 September 2013 | 10:19 CET | News
The Dutch shareholder rights group VEB has called for limits on the rights of the foundation that has acquired nearly half of KPN's shares as part of a defense against the proposed America Movil takeover of the Dutch group. The VEB warned that the foundation should not have a greater say over the management and operations of KPN than other shareholders, after acquiring its stake for only a nominal amount. The foundation acquired 50 percent minus one of the voting rights in KPN through the exercise of an option to buy EUR 255 million in preference shares. The VEB proposed that the foundation

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Categories: General
Companies: KPN
Countries: Netherlands
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