Orix Corp. has agreed to buy a stake in Hyundai Merchant Marine Co.'s logistics unit and may announce a deal as soon as Thursday, sources said.
The Tokyo-based finance and leasing company and a South Korean partner will buy a majority stake in the unit Hyundai Logistics Co., said one source, who asked not to be identified discussing private information.
The board of Hyundai Merchant, South Korea's No. 2 shipping company, met Wednesday to approve the sale, a second source said.
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