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General

KPN foundation blocks America Movil bid

Friday 30 August 2013 | 08:24 CET | News
A foundation set up to protect the interests of KPN has exercised a call option to take 50 percent minus one of the voting rights in the Dutch operator. The Stichting Preferente Aandelen B said it decided to use the option in order to protect the interests of KPN and its stakeholders, including shareholders, employees, unions, customers and Dutch society. In a statement, it said these interests were at risk from the unsolicited takeover bid announced by America Movil. It claimed that America Movil knowingly chose the hostile route in order to create unrest among stakeholders, without

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Categories: General
Companies: America Movil / E-Plus / KPN
Countries: Netherlands
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