Kuehne + Nagel sells Russian business

The world’s second-largest logistics firm, Kuehne + Nagel, has signed an agreement to sell its Russian business to the local management, the company writes on its website.

Photo: PR / Kuehne + Nagel

Kuehne + Nagel, the world’s second-largest logistics company after DHL Logistics, struck a deal at the end of last week to sell the firm’s Russian business, as revealed by an update about the situation in Ukraine and Russia on the company’s website.

”Kuehne+Nagel signed an agreement on June 3, 2022, to sell its business in the Russian Federation to its local Managing Director,” reads the brief update.

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