Independent journal on economy and transport policy
03:36 GMT+1
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the Hyundai group sells own branch logistic Hyundai Logistics
88.8% of the capital of the company will be yielded to special purpose company a 70:30 participated from the Orix Japanese and South Korean HMM
July 17, 2014
The group financial Japanese Orix Corporation has signed an agreement in order to acquire 88.8% of the capital of the logistic society Hyundai Logistics of the South Korean group Hyundai for about 600 billion won (581 million dollars). The acquisition will be carried out through a special purpose company that it will be constituted with the shipowning society Hyundai Merchant Marine (HMM), that is one of the current shareholders of Hyundai Logistics of which stops 14.5% of the capital and that in its turn it is participated by affiliated of the Hyundai group.
Orix will invest about 240 billion won for 70% of the capital stock of the special purpose company, while the remaining quota will be acquired from HMM.
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The group financial Japanese Orix Corporation has signed an agreement in order to acquire 88.8% of the capital of the logistic society Hyundai Logistics of the South Korean group Hyundai for about 600 billion won (581 million dollars). The acquisition will be carried out through a special purpose company that it will be constituted with the shipowning society Hyundai Merchant Marine (HMM), that is one of the current shareholders of Hyundai Logistics of which stops 14.5% of the capital and that in its turn it is participated by affiliated of the Hyundai group.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
