Kuehne + Nagel was informed about today's decision of the French Competition Authority regarding the parcel delivery logistics market in France, which inter alia includes French Alloin Group, a company which was acquired by Kuehne + Nagel in 2009.
Regarding the fine of EUR 32 million for the Alloin Group, approximately EUR 31 million are attributable to the time before the acquisition of the Alloin Group by Kuehne + Nagel.
Kuehne + Nagel dissociates itself from such business practises, has a comprehensive compliance programme in place, which is continuously improving, and has been cooperating with the French Competition Authority since 2010.
Kuehne + Nagel is reviewing all options, including an appeal against the decision as well as a recourse against the sellers.
