EUROPE – German based wagon hire and rail logistics company VTG Aktiengesellschaft and Swiss headquartered freight forwarder, Kuehne + Nagel, are planning a merger of parts of their rail logistics activities. Both parties signed the related letter of intent with a majority participation on the part of VTG anticipated and the merger represents an expansion of the long-term partnership that has existed between VTG and Kuehne + Nagel within the scope of their joint company Transpetrol for more than 20 years.
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