Samsung Securities has been appointed to manage the sale of the South Korean government’s shares in HMM, while Samil PricewaterhouseCoopers and law firm Lee & Ko will be the accounting and legal advisors for the process.
The appointments come after HMM’s two largest shareholders, Korea Development Bank (KDB) and and Korea Ocean Business Corporation (KOBC), announced on 2 March that they would begin the process of divesting the state’s interest in the country’s flagship carrier.
Particularly, the...