Hyundai Disposes Logistics Unit to Orix Amid Restructuring

Hyundai Group agreed to sell its logistics unit to a consortium led by Orix Corp. (8591), Japan’s largest commercial finance company by market value, as the cash-strapped chaebol sells assets to shore up finances. Orix teamed up with South Korea’s second-largest shipping line Hyundai Merchant Marine Co. (011200) to buy 88.8 percent of Hyundai Logistics[…]