News / Harim-JKL consortium named the preferred buyer of HMM

A consortium of South Korean poultry processor Harim Group and private equity firm JKL Partners was today chosen as the preferred bidder for the country’s flagship container carrier, HMM.

The consortium pipped its only competitor, fishing and logistics chaebol Dongwon Group, to the post – they were the only ones who had submitted bids by 23 November.

Formerly known as Hyundai Merchant Marine and originally part of Hyundai Group, HMM was battered by the 2008 global financial crisis and then the prolonged ...