America Movil’s bid for KPN leads announced M&As in Latin America.
BY JOACHIM BAMRUD
America Movil’s attempt to purchase Dutch telecom operator KPN became the largest announced M&A deal in Latin America during the first nine months, according to Thomson Reuters.
America Movil is bidding a total of $22.6 billion, including debt, for the remaining 70 percent of KPN it doesn’t already own. However, the bid – announced in August – is facing strong opposition from KPN’s independent foundation, which could veto the sale to the Mexican telecom operator. See also Allen & Overy Leads Latin America Legal M&A Advisors
If successful, the KPN purchase would help boost the value of announced Latin American M&As this year, which declined 44 percent during the first half of the year.
The total value of announced M&A in Latin America fell 6 percent to ...
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