Korean container line HMM's sale to Harum-JKL Partners collapses following negotiations breakdown with Korean state agencies.

Talks over the sale of South Korean container line, HMM, to the Harum-JKL Partners consortium have reportedly collapsed. The consortium had been selected as the preferred bidder in December, with negotiations expected to conclude by Tuesday. HMM, the world's eighth-largest container line by capacity, is majority-owned by the Korea Development Bank and the Korean Ocean Business. The reasons for the end to negotiations are unclear.

February 07, 2024
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