By Angelika Gruber and Georgina Prodhan VIENNA (Reuters) – Carlos Slims America Movil and the Austrian government are moving towards a deal to pool their stakes in Telekom Austria, which would lead to a takeover offer and mark a further step in the Mexican tycoons expansion in Europe. Austrias economy minister said on Tuesday talks about creating a shareholder pact, which both parties said had been informal so far, could wrap up within weeks. American Movil, which faces increased regulation and competition in Latin America and is looking to expand into a recovering European economy, said on Monday it could move to formal talks with Austria. An alliance would hold 55 percent of Telekom Austria – 28 percent from state holding company OIAG and 27 percent from America Movil – obliging it to make a takeover offer under Austrian law.
Slim closes in on pact to secure Telekom Austria
26
Feb
2014
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