KPN (Koninklijke) (KPN)

Index:

AEX Index

  3.43
   
  • Change Today:
     -0.01
  • 52 Week High:  3.49
  • 52 Week Low:  3.08
  • Currency: Euro
  • Shares Issued: 3,971.63m
  • Volume: 5,081,948
  • Market Cap:  13,635m
  • Beta: 0.05

Carlos Slim makes a move on Dutch telecom KPN

Date: Tuesday 08 May 2012

LONDON (ShareCast) - América Móvil (AMX) is making a move into Europe and has announced plans to acquire up to 28 per cent of the Dutch telecom operator KPN in a deal that could be worth 2.64bn euros (2.13bn pounds).

The Mexican telecom owned by billionaire Carlos Slim already owns 4.8% of the company and announced that it would offer €8 per share in stock for the stake.

“The investment in KPN represents the first significant investment by AMX in Europe,” according to a company statement.

AMX’s investment may be limited to 28% because Dutch law requires any share above 30% to launch a full takeover offer.

Slim’s company expects the close the offer by the beginning of June.

KPN soared 17.82% to €7.65 in early trading on Tuesday.

JM

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KPN Market Data

Currency Euro
Share Price   3.43
Change Today   -0.01
% Change -0.17 %
52 Week High  3.49
52 Week Low  3.08
Volume 5,081,948
Shares Issued 3,971.63m
Market Cap  13,635m
Beta 0.05

Trades for 23-May-2024

Time Volume / Share Price
17:35 5,055 @  3.43
17:35 1,456 @  3.43
17:35 6,045 @  3.43
17:35 8,763 @  3.43
17:35 10,176 @  3.43

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