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News / SM Line fuels HMM takeover speculation with increased shareholding

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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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    HMM Korea Development Bank Korea Ocean Business Corporation SM Line Takeover Talk