AMX preps €1.4bn Telekom Austria takeover

AMX preps €1.4bn Telekom Austria takeover

M&A

America Movil is to offer €1.4bn ($1.9bn) for 44.76% of Telekom Austria, it said on Wednesday. In a deal with the Austrian government’s investment vehicle Osterreichische Industrieholding (OIAG), the largest Telekom Austria shareholder, AMX will launch a public takeover bid for the portion of the company’s shares that are in free float. The offer, set to come at €7.15 per share, will be launched in the “coming weeks”, AMX said on Wednesday. The two shareholders also agreed to a €1bn capital incr

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