wiesje 9333 schreef op 24 oktober 2014 15:05:
@ SNSN , it has all to do with cash flow, Slim will not take on more debt he will not alter negatively the credit-rating for AM, he has an obligation to conclude his deal with ATT , the buy back of their stake in AM, which he has now concluded and he wants to do the Capital Increase with Austria , rather sooner than later.
He does not want to be pressured reducing his involvement in Mexico for being a distressed seller, so the only option he had left is to reduce KPN, it makes no difference to him whether he holds 21% or 28% , as he has no intention for now to make a move on KPN, KPN is now a low priority to him, but the good news
the selling on KPN is done, he will not reduce any further, unless he decides to get out, which I don't feel is the case, on the contrary he will be back, but the timing will now be postponed.
taking a 10 mio hit on selling some shares is obviously no good news to him, but is irrelevant for his strategic thinking.
W