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Slim Said to Weigh Seeking KPN CEO Ouster Before Share Sale

Carlos Slim, the world’s richest man, may seek the ouster of Royal KPN NV’s chief executive officer and other changes before agreeing to support the Dutch phone company’s planned 4 billion-euro ($5.4 billion) share sale, according to people familiar with the matter.

America Movil SAB, the Slim-backed company with a 28 percent stake in The Hague-based KPN, may impose conditions including a seat on KPN’s board, the replacement of Eelco Blok with a new CEO, or other management changes, the people said, asking not to be identified discussing a private matter. America Movil will almost certainly not participate in the rights offer unless at least some conditions are met, though the specifics of its requests haven’t been decided, said the people.