Comment / On the wires: Klaus-Michael Kuehne focuses on capital strength ahead of a 'large' M&A transaction?

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“In an interview with German newspaper FAZ, K+N’s majority owner Mr Kuehne mentioned that he favours a balanced dividend payout policy so that K+N can build up reserves.” – UBS, 21 January. 

Just a quick take on Kuehne + Nagel (K+N) as once again this week the Swiss 3PL is under the spotlight, following a short note published on Tuesday by UBS analyst Sebastian Vogel, who wrote that “K+N’s payout ratio has been above 90%, which limited the aforementioned build-up of reserves. ...