Mexico's America Movil will likely keep its stake in Dutch phone group KPN following its failed takeover attempt, KPN's chief executive predicted on Thursday. America Movil, controlled by billionaire Carlos Slim, owns a near 30 percent stake in KPN but pulled out of takeover negotiations last month after KPN's board rejected its 2.4 euros a share offer. "Looking at where the share price is today, looking at our expectations of the financial performance of KPN, and taking into account the average price they paid for their current 29.7 percent stake, I think they will keep their 29.7 percent stake," KPN Chief Executive Eelco Blok told a Morgan Stanley investor conference in Barcelona.
via Tech News Headlines - Yahoo! News http://news.yahoo.com/kpn-says-believes-slim-retain-stake-group-180840523--finance.html
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