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HSBC lowered Kuehne + Nagel International from a hold rating to a reduce rating in a research report on Monday, February 27th.
To fund his empire building, the 46-year-old Benko gained the trust of Europe’s elite, counting Austrian construction tycoon Hans Peter Haselsteiner, German transportation magnate Klaus-Michael Kuehne and France’s Peugeot family among his investors.
Source: https://fortune.com/europe/2023/12/28/rene-benko-europe-property-titan-signa-insolvency/