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America Movil SAB de CV Receives AFM's Approval Of Offer Memorandum To Launch Intended Offer For Koninklijke KPN NV's Shares; Foundation Makes Launching Of Offer Not Viable


Wednesday, 16 Oct 2013 03:08pm EDT 

America Movil SAB de CV announced that it received approval from the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiele Markten, AFM) for its Offer Memorandum to make a voluntary public offer in cash for all of the issued and outstanding ordinary shares of Koninklijke KPN N.V. (KPN), at a price of EUR 2.40 per share (the Intended Offer). As of the date of this announcement, the Stichting Preferente Aandelen B KPN (the Foundation) has a 50% minus one voting interest in the capital of KPN. In view thereof, AMX will not launch the Intended Offer and will not make the Offer Memorandum approved by the AFM publicly available in accordance with Section 10 paragraph 1 of the Takeover Decree. 

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