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Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4 trillion won ($4.9 billion), industry sources said Tuesday. Outbidding rival Dongwon Group, the company is expected to take over the 57.9 percent stake owned by controlling shareholders of HMM -- the state-run Korea Development Bank and Korea O...
Harim Holdings on Tuesday said it has been chosen as the preferred bidder to buy control of South Korea's biggest container…
A consortium led by Harim Group has secured its position as the preferred bidder for the acquisition of South Korean shipping company HMM.
A consortium led by Harim Group was picked Monday as the preferred bidder for South Korea's top container shipper HMM Co., controlling shareholders said, heralding the start of its privatization. Last month, two state agencies -- the state-run Korea Development Bank (KDB) and the Korean Ocean Business Corp. -- conducted a final bidding for their controlling stake in HMM, drawing the Harim-JKL Partners consortium...
Korea’s state-owned financial institutions took a key step in the long-running effort to privatize HMM announcing they selected the bid from the pare...