America Movil Secures Bridge

America Movil Secures Bridge

Mexico Loans M&A

America Movil has secured the credit facilities necessary to finance its EUR7.2bn ($9.7bn) bid for Royal KPN, it says. The Carlos Slim-owned telecom has agreed to binding loans with “recognized global financial institutions subject to common conditions for this type of operation” covering all necessary funds for the offer, without elaborating. Officials at the company do not respond to requests for comment. The group is heard to include several banks and include contingency lines in place previo

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