Reuters logo
RPT-KPN to raise 3 bln euros with 2 for 1 rights issue
April 25, 2013 / 6:26 AM / in 4 years

RPT-KPN to raise 3 bln euros with 2 for 1 rights issue

(Repeats to attach to alerts)

BRUSSELS, April 25 (Reuters) - Dutch telecoms group KPN launched a 2 for 1 rights issue on Thursday to raise 3 billion euros to shore up its balance sheet.

It said it would offer shares at 1.06 euros each, a 35.1 percent discount to the ex-rights price.

It added that Carlos Slim’s America Movil, which holds almost a third of the company, had committed to subscribe to the rights issue. (Reporting By Ben Deighton, Editing by Ethan Bilby)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below