March 9, 2020 / 7:42 AM / 25 days ago

BRIEF-Kuehne Und Nagel Sells Part Of Its UK Contract Logistics Portfolio

March 9 (Reuters) - KUEHNE UND NAGEL INTERNATIONAL AG :

* SELLS MAJOR PART OF ITS UK CONTRACT LOGISTICS PORTFOLIO

* DIVESTMENT OF DRINKS LOGISTICS, FOOD SERVICES AND RETAIL & TECHNOLOGY BUSINESSES TO XPO LOGISTICS

* ENTERS INTO A DEFINITIVE AGREEMENT TO SELL A MAJOR PART OF ITS UK CONTRACT LOGISTICS PORTFOLIO TO XPO LOGISTICS

* BOTH PARTIES HAVE AGREED NOT TO DISCLOSE FINANCIAL DETAILS

* TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF YEAR Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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