News / As HMM sale talk heats up, SM Line boosts its stake in flagship carrier

South Korea’s SM Line and affiliates have increased their stake in compatriot carrier HMM, a sign the state is nearing its goal of releasing its shares in the flagship line.

In a filing to the Financial Supervisory Service, HMM disclosed that, as of 7 July, SM Line held a 6.56% stake, increasing its interest by more than 1 percentage point from the 5.52% held in June 2022.

The shares are held by SM Line and its ...