Brief: Kuehne+Nagel- Announces Long-Term Strategic Collaboration With Amazon
BRIEF-Kuehne+Nagel- Announces Long-Term Strategic Collaboration With Amazon Sept 21 (Reuters) - KUEHNE + NAGEL INTERNATIONAL AG KNIN.S:
ANNOUNCES LONG-TERM STRATEGIC COLLABORATION WITH AMAZON
HAS ENTERED INTO A LONG-TERM STRATEGIC COLLABORATION WITH ITS CUSTOMER, AMAZON
COLLABORATION IS COMPREHENSIVE IN ITS SCOPE
COLLABORATION INCLUDES AMAZON WEB SERVICES (AWS)
COLLABORATION IS SUPPORTED BY A CALL OPTION ON EXISTING KUEHNE+NAGEL SHARES THAT SETTLES IN CASH OR, AT AMAZON'S ELECTION, IN SHARES, WITH VESTING BASED ON COMMERCIAL MILESTONES AND SERVICES OVER A PERIOD OF UP TO SEVEN YEARS
KUEHNE+NAGEL HAS ARRANGED FOR A THIRD-PARTY FINANCIAL INSTITUTION TO ENGAGE IN HEDGING TRANSACTIONS IN KUEHNE+NAGEL SHARES TO SUPPORT THIS ARRANGEMENT
Source text: ID:nPLXX41970
Further company coverage: KNIN.S
(Gdansk Newsroom)
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