America Movil S.A.B. de C.V. (BMV:AMX L) cancelled the acquisition of the remaining 70.23% stake in Koninklijke KPN N.V. from Stichting Preferente Aandelen B KPN, Endowment Arm.
Deutsche Bank acted as financial advisor for America Movil. Jan Louis Burggraaf, Oliver Seiler, Maarten Muller, Gerbrand Visser, Hartmut Krause, Arnold Croiset van Uchelen, Hendrik Jan Biemond, Thomas Neubaum, Tim Stevens, Godfried Kinnegim, Asmus Mihm, Daniel Epe, Michael Brellochs, Vera Thiemann, Simon Schmid, Andre Zimmerman, Evelyn Grass, Nicole Bleis, Lucas Brabers, Marianne Drijgers, Sten Frenzel, Emma Besselink, Alexander Rehs, Simon Hennes, Bianca Engelmann, Alexander Wuepper, Astrid Kruger, Jurgen Schindler and Kees Schillemans of Allen & Overy LLP acted as legal advisors to Koninklijke KPN N.V. Maurits Duynstee, Robert Specken, Michiel Boks, Tim Boer and Bauke van Rhijn of ING Groep NV acted as financial advisors to Koninklijke KPN. Rabobank and Rothschild acted as financial advisor to a shareholder of Koninklijke KPN. Jan Willem de Boer of Linklaters LLP (Netherlands) acted as legal advisor for Koninklijke. The shreholder holds Class B preference shares in Koninklijke KPN. Rothschild Europe B.V. and Rabo Securities acted as financial advisor to Stichting Preferente Aandelen B KPN. Goldman, Sachs & Co. acted as financial advisor to Koninklijke. Clifford Chance LLP acted as legal advisor to America Movil S.A.B.
America Movil S.A.B. de C.V. (BMV:AMX L) cancelled the acquisition of the remaining 70.23% stake in Koninklijke KPN N.V. (ENXTAM:KPN) from Stichting Preferente Aandelen B KPN, Endowment Arm on October 16, 2013. The transaction was cancelled as the foundation that looks out for the interest of KPN's shareholders exercised a call option giving it a nearly 50% stake KPN. The foundation, having exercised the option granted, obstructs the fulfillment of the offer, to the detriment of KPN shareholders who would have intended to participate in the intended offer.