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, Korea's 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.
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 Korea's 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