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News / SM Line expands HMM shareholding again, but denies takeover ambitions

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SM Line has expanded its hold on HMM after buying more shares, leaving the market to wonder if the rival South Korean ocean-going liner operators will eventually merge.

Last Thursday, SM Line purchased another 3.77m of HMM’s shares for KRW100bn ($76.6m), taking the Samra Midas (SM) ...

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    Drewry HMM Korea Development Bank Korea Line Corporation Korea Shipping Corporation M&A SM Line