Tuesday, May 29, 2012

Reuters: Mergers News: BRIEF-Slim's America Movil launches offer for KPN

Reuters: Mergers News
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BRIEF-Slim's America Movil launches offer for KPN
May 29th 2012, 15:31

MEXICO CITY | Tue May 29, 2012 11:31am EDT

MEXICO CITY May 29 (Reuters) - America Movil, the cell phone giant controlled by Mexican tycoon Carlos Slim, said on Tuesday it has officially launched an offer to purchase a bigger stake in Dutch telecoms firm KPN.

The Mexican company, which already had a 4.8 percent in KPN, will seek to own no more than 27.7 percent in the Dutch company, America Movil said in a statement.

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