BUZZ-Kuhn + Nagel shares rise after securing a long-term partnership agreement with Amazon

Updated stock price trend and clarified the news source in the third key point

September 21 - ** After Swiss logistics group Kuehne+Nagel (KNIN.S) announced a long-term strategic partnership with Amazon, its share price rose by 5.8% AMZN.O

** Kuehne+Nagel stated that the agreement covers Amazon Web Services (AWS), involving end-to-end logistics services from the construction of cloud infrastructure and equipment deployment to maintenance, upgrades, and expansion projects

** A source familiar with the matter told Reuters that for Kuehne+Nagel, current revenue generated by Amazon is in the high hundreds of millions of dollars, and thanks to this collaboration, the figure could reach several billion dollars

** Securities firm Vontobel stated that the agreement highlights Kuehne+Nagel's "solid and strengthening position" in the lucrative data center infrastructure logistics sector, and that the cooperation is expected to further accelerate growth in this segment

** This partnership is supported by call options on existing Kuehne+Nagel shares; the exercise conditions for these options are based on commercial milestones and related services, with a maximum validity of up to seven years

** Driven by Monday's stock price increase, the stock's cumulative gain for the year has exceeded 33%, and it is set to record its largest single-day increase since February 2023​

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