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General

KPN to negotiate minority rights with America Movil - report

Thursday 22 August 2013 | 10:22 CET | News
KPN is in talks with America Movil over guarantees for minority shareholders if the latter's bid for control of the Dutch operator goes ahead, Dutch paper Het Financieele Dagblad reported citing various sources familiar with the matter. America Movil, which already owns almost 30 percent of KPN and is hoping to acquire at least 50 percent, is trying to convince KPN's management and supervisory board to support the takeover bid. It already has two seats on the supervisory board. KPN's management reportedly wants to secure rights for minority shareholders if the takeover bid succeeds and set

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