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KNIN — Kuehne + Nagel International AG News Story

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Brief: Kuehne+Nagel- Announces Long-Term Strategic Collaboration With Amazon

BRIEF-Kuehne+Nagel- Announces Long-Term Strategic Collaboration With Amazon

- 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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