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General

Dutch SP calls for KPN foundation to halt AMX takeover

Friday 16 August 2013 | 11:17 CET | News
SP MP Arnold Merkies has asks KPN's Preference Shares B Foundation to prevent the incumbent's takeover by Mexican telecom group America Movil (AMX), Automatisering Gids reported. The foundation can issue preference shares and so ensure MX gets no control, no matter how many shares it gets. The MP said that KPN owns an infrastructure vital not only for consumers and businesses, but also for security services. Merkies noted that the foundation also voiced concerns about the deal and now hopes it will put those concerns into action. There are no other legislative options to halt the takeover.

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Categories: General
Companies: KPN
Countries: Netherlands
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