Brief: Kuehne Und Nagel International AG Acquires Apex International Corporation

Apex International Co

22/02/2021 05:53

Feb 22 (Reuters) - KUEHNE UND NAGEL INTERNATIONAL AG
 KNIN.S :
    * ACQUIRES APEX INTERNATIONAL CORPORATION
    * APEX IS ONE OF THE LEADING ASIAN AIR FREIGHT FORWARDERS
    * ACQUISITION REPRESENTS THE LARGEST IN KUEHNE+NAGEL'S
HISTORY
    * MARKS A LARGE STEP TOWARD FULFILLING STRATEGIC ASIA
AMBITIONS
    * THE PURCHASE PRICE WILL BE FINANCED BY AVAILABLE LIQUID
SOURCES
AND, IF NEEDED, BY AVAILABLE CREDIT LINES
    * FOLLOWING CLOSING OF TRANSACTION, MINOR STAKE OF APEX
SHARES IS
TO REMAIN WITH EXPERIENCED AND ENTREPRENEURIAL MANAGEMENT OF
APEX
    * APEX WILL CONTINUE TO OPERATE SEPARATELY WITHIN THE
KUEHNE+NAGEL
GROUP

Source text for Eikon:  ID:nNDL8NN3Xl 
Further company coverage:  KNIN.S 

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