News / Five S Korean firms showing interest in takeover of HMM

Five South Korean corporations have shown an interest in taking over flagship carrier HMM.

State-controlled finance institutions Korea Development Bank (KDB) and Korea Ocean Business Corp (KOBC) invited tenders to acquire their combined 57.87% stake in HMM.

Less than a month before bids close, on 21 August, LX Group, Samra Midas Group, Harim Group, Dongwon Group and Global Sae-A have reportedly received a prospectus from Samsung Securities, which is handling the HMM sale.

KDB and KOBC are said to be hoping to shortlist ...