Group Structure and Shareholders
Under Swiss company law the Group is organised as a limited company that has issued shares of common stock to shareholders. Kuehne + Nagel International AG is the ultimate holding company of the Group.
Operational group structure
Kuehne + Nagel’s operating businesses are organised into the following four business units:
- Contract Logistics
Additionally, operating performance is presented in the following geographical regions:
- Europe, Middle East, Central Asia and Africa (EMEA)
Business performance is reported according to this operational structure. For further information on the business units, please refer to the Status Report and the Consolidated Financial Statements respectively.
Listed companies of the Group
Kuehne + Nagel International AG, the ultimate holding company, is the only company listed on the Stock Exchange within the scope of the Group’s consolidation. Kuehne + Nagel International AG has its registered office in Schindellegi (Feusisberg), Switzerland, and its shares are listed on the SIX Swiss Exchange, Zurich. The Company’s market capitalisation amounted to CHF 15,162 million (120 million registered shares of nominal value CHF 1 at CHF 126.35 market value per share) on the closing date December 31, 2018.
Of the total Kuehne + Nagel International AG share capital on the closing date:
- the free float consisted of 55,834,531 shares = 46.5 per cent, and
- treasury shares consisted of 265,469 shares = 0.2 per cent
Kuehne + Nagel International AG shares are traded under the symbol “KNIN”, the security number is 2,523,886 and ISIN is CH0025238863.
Non-listed companies in the Group‘s consolidation
The main subsidiaries and associated companies of the Group are disclosed in appendix “Significant consolidated subsidiaries and joint ventures” to the Consolidated Financial Statements, including particulars as to the country, name of the company, location, share capital, and the Group’s stake in per cent.
According to the share register as of December 31, 2018, the following registered shareholders held more than three per cent of the total share capital of Kuehne + Nagel International AG:
- Kuehne Holding AG, Schindellegi (Feusisberg), Switzerland, held 53.3 per cent; all voting rights of Kuehne Holding AG are held by Klaus-Michael Kuehne.
- Kuehne Foundation, Schindellegi (Feusisberg), Switzerland, held 4.7 per cent.
In addition, disclosure notifications pertaining to shareholdings in excess of three per cent in Kuehne + Nagel International AG that were filed with the Company and the SIX Swiss Exchange were:
- BlackRock Inc.
- Harris Associates L.P.
Notifications are published on the SIX Swiss Exchange electronic publication platform, and can be accessed via the following link: SIX Swiss Exchange
On December 31, 2018, shares of unregistered owners amounted to 19 per cent of the issued shares.
On the closing date there were no cross-shareholdings in place.