Subscribe to RSS feedKuhne walks away from Hapag Lloyd talks
Tempers flared in Hamburg yesterday as logistics entrepreneur Klaus-Michael Kuhne called for Hapag-Lloyd to be restructured just hours after refusing to participate in the first stage of a refinancing package which had been agreed late on Tuesday.
Klaus-Michael Kuhne: Calls for more transparency in Hapag-Lloyd finances
The Kuehne+Nagel chairman's remarks were seen as ill-judged and intemperate, given their timing and the sensitivity of negotiations, which will continue over the next few weeks.
Mr Kuhne justified his decision by saying that the rescue plan was a pure real...
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