HMM sale to face hurdles amid slowdown in shipping industry

HMM sale to face hurdles amid slowdown in shipping industry

The sale of South Korea's No. 1 container shipper HMM, which is anticipated to be one of Korea's largest mergers and acquisitions transactions for the second half of 2023, is expected to hit a snag amid a slowdown in the shipping industry, according to industry sources on Sunday. In July, Seoul-based investment bank Samsung Securities, which is supervising the sale of HMM, formerly known as Hyundai Merchant...

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