Carlyle buys $510m stake in logistics arm from Hyundai Motor owner family members

Carlyle buys $510m stake in logistics arm from Hyundai Motor owner family members

REUTERS/Kim Hong-Ji

Private equity giant Carlyle Group bought a 10% stake in logistics company Hyundai Glovis Co Ltd worth about 611 billion won ($510 million), Hyundai Motor Group said on Wednesday.