SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter’s controlling stake if its price tag is more than 4.5 trillion won ($3.5 billion), said the chairman of South Korea’s 30th-largest conglomerate, reports The Korea Economic Daily.
Race for HMM“[SM Group] will immediately jump into the race for HMM once its sale is officially announced,” SM Group Chairman Woo Oh-hyun said during an...
https://mfame.guru/this-shipping-giant-to-buy-hmm-but-not-for-over-3-5-bn/