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KPN says 97.4 pct of rights issue subscribed
May 15, 2013 / 5:46 AM / 4 years ago

KPN says 97.4 pct of rights issue subscribed

BRUSSELS, May 15 (Reuters) - Dutch telecoms group KPN said on Wednesday that 97.4 percent of its 3 billion euros ($3.89 billion) rights issue has been taken up by investors.

The group said it would sell the remaining shares in a rump offering to institutional and professional investors on Wednesday.

KPN conducted the 2 for 1 share issue at 1.06 euros per share to bring down its overall debt level.

$1 = 0.7705 euros Reporting by Robert-Jan Bartunek; Editing by David Cowell

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