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America Movil, OIAG and Telekom Austria reach ownership deal-Reuters

Wednesday, 23 Apr 2014 08:00pm EDT 

America Movil SAB de CV:To back 1 billion euro capital increase for Telekom Austria AG and to pay 7.15 euros per share for company outstanding stock in co-ownership deal combining its stake with that of OIAG-Reuters.Telekom Austria is present in Belarus, Bulgaria, Croatia, Serbia, Macedonia, Liechtenstein, Slovenia and Austria.Agreement to stand for 10 years with option to extend for further five.Price America Movil will pay per share is premium of 10.7 percent over six-month average stock price for Telekom Austria, or minimum bid required.America Movil already holds 26.4 percent of Telekom Austria.OIAG holds 28.4 percent of Telekom Austria stock. 

Company Quote

-0.04 -0.30%
23 Jan 2015