Royal KPN

Royal KPN in euro5.5bn (£3.3bn) share and convertible subordinated notes offering. KPN advised by Allen & Overy (Steven Schuit, Annelies van der Pauw and ALexander Cohen). Joint global co-ordinators ABN Amro Rothschild, Goldman Sachs International and Schroder Salomon Smith Barney represented on US and German law by Shearman & Sterling and on Dutch, Italian and Spanish law by Clifford Chance.