Comment / Analysis: Kuehne + Nagel trims Apex stake – don't be shocked

“They are bankers with a forwarding arm.”

Timely

Those remarks were made in our marketplace with regard to a Kuehne + Nagel (K+N) rival yesterday (guess who?), but is also an apt description of the Swiss forwarder in the wake of today’s news, according to which, it is (unexpectedly) selling 24.9% out of the 87.3% controlling interest acquired earlier this year in Apex…

… taking on board a private equity firm, Baar-based Partners Group, little known to the logistics world.

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