Logistics entrepreneur Klaus-Michael Kühne admits errors in his enterprise relationship with failed actual property investor René Benko, whose Signa empire is bancrupt. “Mr. Benko confirmed me numerous lovely images of the properties and I let myself be lulled by him,” the 87-year-old advised the “SonntagsZeitung”.
“With my expertise, I ought to have acted in another way. I usually marvel how this might have occurred to me,” stated Kühne, who owns nearly all of the Swiss logistics group Kühne+Nagel by his Kühne Holding. He has a stake within the Signa luxurious properties by his non-public holding firm.
“Can deal with the loss”
“The actual property values in it are nonetheless there, however there’s now a menace of misery gross sales, following which there will not be a lot left of the values. I’ll in all probability be affected by losses within the a whole lot of hundreds of thousands,” stated Kühne. “Fortuitously, we’re very profitable with sturdy company investments and plenty of particular person properties in my holding firm, so we will deal with the loss.”
Kühne doesn’t wish to improve his share in Lufthansa, which is now just below 20 p.c, as a result of the state would then have a say within the matter because of aviation rights. “Lufthansa can also be very uncovered as a result of many strikes. There are each optimistic and detrimental facets. For instance, in my opinion, Lufthansa has too many manufacturers and particular person merchandise, and it’s troublesome to search out your method round,” stated Kühne.
Belongings go to basis
After his demise, his firm belongings will probably be transferred to his charitable basis, the Hamburg native continued. “Managing these belongings will then be a significant job. The muse’s work is made potential by monetary contributions from Kühne Holding.”
Kühne has no kids and lives along with his spouse in Switzerland. With a fortune estimated at 42.5 billion {dollars}, he’s the richest German in line with Forbes.
