Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4 trillion won ($4.9 billion), reports the Korea Herald.
Getting the shipper back on track through debt restructuringOutbidding rival Dongwon Group, the company is expected to take over the 57.9 percent stake owned by controlling shareholders of HMM — the state-run Korea Development Bank and Korea Ocean Business Corp. The...
https://mfame.guru/harims-takeover-plan-of-hmm-draws-concerns/