Report: Dongwon and Harim dueling for dominance in HMM bidding race
In the ongoing contest for control of South Korean shipping line HMM, Dongwon Group and Harim Group have emerged as the primary contenders.
Source: offshore-energy.biz
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Harim, Dongwon compete to acquire HMM
The aquisition of HMM, Koreas representative global shipping and logistics company, has become a two-way race between Dongwon Group and Harim Group, with the two joining the main bid that ended Thursday, according to Korea Development Bank (KDB) and inventment banking sources Friday.
Cholla Namdo South Korea Kim Hong Kook Pan Ocean Korea Ocean Business Corporation Dongwon Industries
Source: koreatimes.co.kr
South Korea shipper HMM draws two bidders in sale of majority stake
Two South Korean companies entered bids to acquire a majority stake in South Koreas largest container shipper, HMM Co Ltd, Yonhap news agency reported on Thursday, with analysts estimating the...
Source: marketscreener.com
Final Bids Submitted in Two-Way Showdown to Win Control of HMM
Final bidding began today for control of HMM with reports from South Korea that one of the three companies pre-qualified dropped out. The estimated p...
Source: maritime-executive.com
LX, Dongwon, Harim struggle to raise money for HMM acquisition
LX International, Dongwon Industries and the consortium of Harim Holdings and JKL Partners appear to be going all out to secure cash to win in a bid to acquire a controlling stake in HMM, which is estimated to be up to 6 trillion won ($4.5 billion), according to industry officials, Tuesday.
Source: koreatimes.co.kr
Korea's HMM bidders shortlisted to LX Group, Harim, Dongwon
Germany’s shipping giant Hapag-Lloyd AG didn’t pass the qualification screening process for the bid
Cholla Namdo South Korea Soult Ukpyolsi Federation Of Korea Maritime Industries Korea Ocean Business Co Korea Development Bank
Source: en.portnews.ru
Hapag-Lloyd bid for HMM sparks rift over international ownership
Closure of the preliminary bids for HMM reportedly see Hapag-Lloyd into the second round of the process, sparking a local debate on foreign ownership.
Source: seatrade-maritime.com
[KH explains] Is a third-party buyout of Asiana Airlines around the corner?
Amid ongoing delays in a high-profile merger between South Korea’s top two air carriers Korean Air and Asiana Airlines, some market watchers are speculating that strategic investors are preparing for a possible third-party buyout of Asiana. Private equity funds are reportedly releasing requests for proposals to interested parties regarding the 1.8 trillion won ($1.3 billion) Korean Air-Asiana deal to solicit re...
Source: koreaherald.com
Is Hapag-Lloyd in shape to bid for HMM?
Hapag-Lloyd has been named as one of the possible bidders for the South Korean carrier HMM despite a sharp drop in profits and liquidity
Source: seatrade-maritime.com
Uncertainty Over HMM Sale After Banks Only Receive Four Bids
Uncertainty emerged in South Korea over the fate of HMM and the next steps the state-run banks might take after the first round of bidding only receiv...
Cholla Namdo South Korea Pan Ocean Harim Group Korean Ocean Business Corporation Korea Development Bank
Source: maritime-executive.com