News / LX International may be rethinking its bid to take over HMM

LX Pantos

The takeover of HMM might go down to a two-way battle between Harim Group and Dongwon Group.

Sources in South Korea’s investment banking market are suggesting trading group LX International is having second thoughts about continuing its bid, due to pressure on its own finances and the challenging outlook for container shipping.

A representative of LX International told The Loadstar today the company “had not reached a resolution”. It, Pan Ocean parent Harim Group and South Korea’s largest fishing company, Dongwon Group, ...