News / SM Line fuels HMM takeover speculation with increased shareholding

21/06/2022

Speculation about SM Line’s potential acquisition of its larger South Korean rival, HMM, intensified after the carrier and its affiliates purchased more HMM shares, raising the group’s stake more than five-fold, to 5.52%.

SM Line is now HMM’s third-largest shareholder, after state-backed financial institutions Korea Development ...

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