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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,...
Negotiations on the sale of South Korea's top container shipper HMM to a local consortium fell apart due to differences over some issues, creditors said Wednesday.
By Kwanwoo Jun Pan Ocean's shares surged after a consortium led by its parent ended an otherwise costly bid for ailing container-shipping company HMM. The...
The sale of top container shipper HMM drifted away late Tuesday, as negotiations between two state agencies and a local consortium broke off after weeks of remaining at odds over the terms. The state-run Korea Development Bank and Korean Ocean Business Corp. holding a combined 57.9 percent stake in HMM, had been in talks with a local consortium formed by agri-food giant Harim and private equity firm JKL Partners, to ...
The $4.9 billion takeover of Korean shipping line HMM by Harim Group has failed after the two sides failed to reach a deal.