The sell-off attempt of South Korea’s largest container shipper HMM has turned into a tit-for-tat tussle as the state-run sellers delay the decision between two bidders Dongwon Group and Harim Group while they continue to battle over the prolonged bidding process. Dongwon last week filed a complaint over the fairness of the bidding process and raised the possibility of taking legal action if the state-run.
The attempt to sell off South Korea’s largest container shipper HMM has been delayed while the two bidders Dongwon Group and Harim Group continue to battle over the bidding process. Dongwon last week filed a complaint over the fairness of the bidding process and raised the possibility of taking legal action if the state-run Korea Development Bank and the Korea Ocean Business Corporation, the owners of 39..
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.
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.