Orix-led consortium to buy Hyundai logistics unit
A consortium led by Japanese financial group Orix Corp. has agreed to acquire a majority stake in South Korea's Hyundai Logisitics.
According to a release, the group will pay KRW600 billion ($580 million) for an 88.8% stake via a special purpose vehicle (SPV) jointly established with Hyundai Merchant Marine (HMM), a shareholder of...
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