Publish in Special Reports - Wednesday, October 9, 2013
A KPN client in The Netherlands. (Photo: KPN)
KPN headquarters in Haag in The Netherlands. (Photo: KPN)
America Movil’s bid for KPN leads announced M&As in Latin America.
BY JOACHIM BAMRUD
America Movil’s attempt to purchase Dutch telecom operator KPN became the largest announced M&A deal in Latin America during the first nine months, according to Thomson Reuters.
America Movil is bidding a total of $22.6 billion, including debt, for the remaining 70 percent of KPN it doesn’t already own. However, the bid – announced in August – is facing strong opposition from KPN’s independent foundation, which could veto the sale to the Mexican telecom operator.
If successful, the KPN purchase would help boost the value of announced Latin American M&As this year, which declined 44 percent during the first half of the year.
The total value of announced M&A in Latin America fell 6 percent to ...
Keywords: Bancolombia, BBVA, Brazil, Carrillo y Asociados, Central America, China, Coca-Cola Femsa, Grupo Aval, Guatemala, Panama, Peru, Sinochem, Spaipa
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