New takeover rules are hardly applicable to KPN
KPN will hardly be hindered by new rules that should better protect the company against unwanted takeover attempts. Analysts from UBS write this in a report on the bill regarding undesired control in the telecom sector.
State Secretary Mona Keijzer (Economic Affairs) announced the stricter rules earlier this year. She wants it to be possible to stop takeovers of telecom companies or even to reverse them afterwards if national security or public order can be endangered. KPN, but also other telecom providers are directly questioning the plan, partly because it can deter financiers.
UBS emphasizes that KPN has been quiet lately. This does not exclude the possibility that there are parties lurking at the telecom group. UBS points out that investor Brookfield has been quite active in the sector lately.
UBS uses purchasing advice on KPN. The share was 0.5 percent lower on Monday, around 12.10, at 2.82 euros.