The UK Competition and Markets Authority has approved the acquisition of Kuehne + Nagel Drinkflow Logistics to XPO
In March 2020, K+N announced that it was ready to divest this part of its UK contract logistics business to XPO.
Kuehne + Nagel Drinkflow Logistics includes drinks logistics, food services and some retail businesses.
The CMA stated:
"The CMA has cleared the anticipated acquisition by XPO Logistics, Inc. of Kuehne + Nagel Drinkflow Logistics Holdings Limited. The full text of the decision will be published shortly."
Kuehne + Nagel Drinkflow Logistics includes drinks logistics, food services and some retail businesses.
The CMA stated:
"The CMA has cleared the anticipated acquisition by XPO Logistics, Inc. of Kuehne + Nagel Drinkflow Logistics Holdings Limited. The full text of the decision will be published shortly."
