Kuehne + Nagel

Klaus‑Michael Kühne has arranged his estate so that the private Kühne Holding and its shareholdings will pass to a family foundation to prevent power struggles. The foundation gains influence over the selection of the holding’s chairman and dividend distribution but is not intended to intervene directly in the operational management of the holdings. Three confidants — foundation chair Thomas Staehelin and managers Karl Gernandt and Jörg Wolle — will share control functions based on mutual checks and balances. The foundation should receive sufficient dividends for projects such as the opera house in Hamburg, while core holdings like Kühne + Nagel and Hapag‑Lloyd are to be secured for the long term. » Mais em faz.net

The US government is investigating Apex Logistics, a Singapore-based subsidiary of Kühne+Nagel, on suspicion of involvement in concealing Nvidia AI chips bound for China. Authorities are examining whether export restrictions were circumvented, including via shipments purportedly of systems from manufacturer Super Micro Computer; the shipments in question date to 2024. Kühne+Nagel says Apex is fully cooperating with authorities and sees no link to the parent company. » Mais em n-tv.de

The US agency BIS is investigating Kühne+Nagel’s Singapore-based subsidiary Apex over the alleged illegal transport of Nvidia AI chips and complete AI systems to China; shipments from 2024 are affected, and a report cites nearly 50 deliveries. Apex says it is fully cooperating with authorities and describes the case as limited to a small number of consignments; two responsible employees have left the company. A Kühne+Nagel spokesperson stresses the parent company has not been contacted and the case is unrelated to Kühne+Nagel. Kühne+Nagel’s share price fell temporarily by about 3.5 percent to €213.2. » Mais em finanzen.net