News / HMM sale talks with Harim-JKL hit another stalemate

© Rafael Henrique

Another round of discussions has failed to produce an agreement to sell HMM – the Harim Group-JKL Partners consortium failed to solve its differences with the carrier’s major shareholders, Korea Development Bank and Korea Ocean Business Corp.

After the Harim-JKL consortium was selected as the preferred bidder for the 57.9% stake in HMM held by KDB and KOBC in December, both sides were supposed to have agreed the sale details by 23 January.

Initial discussions failed to produce agreement and were postponed ...