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Right this moment is deadline day for events to submit bids for HMM, South Korea’s flagship provider.
In addition to 4 Korean corporations vying for management of the road, previously generally known as Hyundai Service provider Marine, one well-known overseas firm has requested for a gross sales prospectus. Hamburg-based Hapag-Lloyd has emerged as an celebration to take over HMM, each corporations being members of THE Alliance, a grouping of world liners.
State-backed entities introduced they might promote their majority shareholding in HMM final month.
Splash has already reported on two conglomerates with shipowning subsidiaries eager to take over HMM: Harim Group, which controls Pan Ocean, and SM Group, which owns SM Line.
Additionally within the combine for HMM are LX Holdings and Dongwon Group, Korean corporations with pursuits in logistics.
State-run banks, which have been in charge of HMM since 2016, hope to finish the sale of the well-known transport line by the top of this yr.
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