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General

VEB calls for explanation from KPN on AMX bid

Thursday 17 October 2013 | 10:29 CET | News
The Dutch shareholder rights group VEB has called for an explanation from KPN over why America Movil's bid for the company failed. In a statement, the VEB said KPN should explain what happened during the negotiations in recent months and how management sees the company's future in a sector where scale and execution at a European level are needed. The VEB had previously criticised KPN for not being open enough on its position vis-a-vis America Movil and now wants CEO Eelco Block to explain what happened during the negotiations on the bid. The VEB supported KPN's stance that the takeover offer

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Categories: General
Companies: America Movil / KPN
Countries: Netherlands
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