MEXICO CITY, 21 Aug. (EUROPA PRESS) -
The operator América Móvil, controlled by the Mexican tycoon Carlos Slim, has secured the necessary resources to finance the purchase of all the shares representing the share capital of the Dutch KPN, on which it has launched an offer of about 7,177 million in cash to acquire 70.23 percent of the share capital of the company that it does not yet control.
"América Móvil, in compliance with the Dutch regulation on public offerings, announces today that it has secured the necessary resources to pay all the shares representing the share capital of Koninklijke KPN subject to the public offer of acquisition," the Aztec operator said in a statement.
In this regard, América Móvil indicated that it has signed credit agreements "with recognized global financial institutions" subject to common conditions in this type of operation, in order to ensure all the resources necessary to carry out the offer.
Likewise, the company controlled by Carlos Slim, considered by 'Forbes' as the richest man in the world, reported that it will present this Wednesday before the Dutch regulator in stock market and financial matters (AFM) the memorandum of the offer for approval.
In this way, and in compliance with Dutch regulatory provisions, simultaneously with the presentation of the memorandum of the offer, Carso Telecom, a subsidiary of América Móvil that will carry out the operation, will request in writing to the AFM the approval of said memorandum.
"Once the memorandum of the offer has been approved by the AFM, it will be carried out and said document will be published. This is expected to happen during the month of September 2013," the operator said.
On August 9, América Móvil announced its intention to carry out a public tender offer in cash for all the outstanding shares representing the share capital of KPN, at a purchase price of 2.40 euros per share, which it will finally carry out through its subsidiary Carso Telecom, which represents an amount of about 7,177 million in cash to acquire 70.23 percent of the share capital of the company that it does not yet control.
On the other hand, the Dutch telecommunications company KPN has called an extraordinary meeting of shareholders on October 2 to vote on the approval of Telefónica Deutschland's offer on the group's German subsidiary, E-Plus, an operation that triggered the presentation of the purchase offer by América Móvil.
According to the Dutch company, all persons who hold shares of KPN after the closing of the NYSE Euronext Amsterdam listing on Wednesday, September 4, will be able to exercise their right to vote.
KPN has sent a circular to its shareholders recommending the operation, which will allow the Dutch group to enter 5,000 million euros in cash and achieve a 17.6 percent stake in Telefónica Deutschland. The transaction will also unlock synergies amounting to between €5 billion and €5.5 billion.
