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Hapag-Lloyd shows interest in HMM takeover

by Kalpana Pandey
August 22, 2023
in News, Mainline Operators, Shipping
Reading Time: 1 min read
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Hyundai Merchant Marine

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State-backed entities announced they would sell their majority shareholding in HMM last month.

Other potential bidders reported include two conglomerates with shipowning subsidiaries keen to take over HMM: Harim Group, which controls Pan Ocean, and SM Group, which owns SM Line.

Also in the mix for HMM are LX Holdings and Dongwon Group, Korean firms with interests in logistics.

State-run banks, which have been in control of HMM since 2016, hope to complete the sale of the famous shipping line by the end of this year.

Tags: Hapag LloydHMMThe Alliance
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The Maritime Gateway Editorial Team delivers trusted news, analysis, and insights on shipping, ports, logistics, supply chains, and global trade, backed by industry expertise and editorial review.

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