Harim Holdings said
on Wednesday that talks to take over South Korea s biggest
container shipper HMM had fallen through, in a deal
that sources said was worth nearly $5 billion. Harim,.
Shares of Harim Holdings and its shipping subsidiary Pan Ocean, moved in the opposite direction, Wednesday, after investors showed different expectations for the poultry processor acquired an over 57 percent stake in HMM, the country’s largest shipping firm, for 6.4 trillion won ($4.9 billion).
SEOUL : Harim Holdings on Tuesday said it has been chosen as the preferred bidder to buy control of South Korea's biggest container shipper HMM, in what people with knowledge of the matter said was a 6.4 trillion won ($4.92 billion) deal.Harim and HMM creditors Korea Development Bank and Korea Ocean Busin
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