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AMOV - America Movil SAB De CV News Story

$14 0.2  1.4%

Last Trade - 12/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £33.48bn
Enterprise Value £58.05bn
Revenue £36.82bn
Position in Universe 271st / 6825

America Movil to sell $2.7 bln KPN exchangeable bonds

Tue 23rd February, 2021 8:46am
AMSTERDAM, Feb 23 (Reuters) - America Movil  AMXL.MX  on
Tuesday announced the launch of a 2.2 billion euro ($2.68
billion) bond loan which can be exchanged into shares of Dutch
telecom company KPN  KPN.AS .
    The offering of three-year bonds will initially comprise of
672.4 million KPN shares, a document related to the offer
showed.
    KPN shares traded down 6.9% in Amsterdam at 0840 GMT.
    America Movil has a 20.2% stake in KPN, data from Dutch
financial markets regulator AFM showed. 
    It unsuccessfully tried to buy the Netherlands' largest
telecom provider in 2013. 
    ($1 = 0.8224 euros)

 (Reporting by Bart Meijer; editing by Jason Neely)
 ((Bart.Meijer@thomsonreuters.com; +31 20 504 5006; Reuters
Messaging: bart.meijer@thomsonreuters.com))
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