Carlyle arm buys 10% stake in South Korean logistics firm Hyundai Glovis

Carlyle arm buys 10% stake in South Korean logistics firm Hyundai Glovis

Shares in Hyundai Glovis jumped as high as 10.4% on Thursday after US hedge fund Carlyle bought a 10% stake in the logistics arm of the Hyundai Motor Group as the founding family moved to avoid a regulatory clash with the South Korean government.