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Kuehne + Nagel buys Chinese freight company

2021-02-22T11:23:00Z

The Swiss logistics group Kuehne + Nagel has entered into a binding agreement to acquire the Chinese freight forwarder Apex International Corporation . According to the German Handelsblatt , experts value the transaction between US$1.5 billion (about €1.2 billion) and US$2 billion (€1.6 billion). This is the largest acquisition in ...