Kuehne + Nagel's wonderwheel
Make or break
Regardless of why Asian operations are being restructured at Kuehne + Nagel (K+N) – here is the corporate spin, and here is my take – the hottest topic in the past week or so has been which sizeable target in Asia would catapult the Swiss 3PL into a new dimension in the east.
Reminder: K+N is projected to save about a quarter of a billion US$ after chopping the dividend, and given its healthy free cash flow profile while assuming debt ...
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