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General

KPN concludes EUR 4 bln capital increase

Friday 17 May 2013 | 11:37 CET | News
KPN has successfully concluded its EUR 4 billion equity equivalent capital increase. The EUR 3 billion rights issue was settled on 17 May, on the back of the EUR 2 billion issue of hybrid capital instruments in March, recognised as 50 percent equity by the rating agencies. CEO Eelco Blok said the company now has a "healthy platform" to execute its strategy. Blok said the money will allow KPN to maintain its leading market positions in The Netherlands and supports the next phase of its Challenger strategy in Germany and Belgium. The CEO said the company was already reporting clear and

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Categories: General
Companies: KPN
Countries: Netherlands
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Comments

I was hearing that KPN is coming up with IPO. Is this news the same on IPO or something else?
Anonymous @ 21/5/2013 - 07:08


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