Bloomberg News

America Movil Doesn’t Plan to Raise KPN Bid, CFO Tells Dagblad

May 11, 2012

America Movil SAB (AMXL) won’t raise its 8- euro per share offer to increase its stake in Royal KPN NV (KPN) to as much as 28 percent, Chief Financial Officer Carlos Garcia-Moreno said in an interview with Het Financieele Dagblad.

America Movil will wait to see how many shareholders will accept the offer, the newspaper cited Garcia-Moreno as saying.

To contact the reporter on this story: Maaike Noordhuis in Amsterdam at

To contact the editor responsible for this story: Kenneth Wong at

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