Cargo Business Newswire

Monday, January 25, 2016

Hyundai Merchant Marine in talks to sell bulk shipping business

Last week South Korean shipping company Hyundai Merchant Marine said it was in talks with a special purpose operation owned by local private equity firm Hahn & Company to possibly sell its bulk shipping business.

Earlier, the Korea Economic Daily reported that HMM was considering selling its bulk shipping business to Hahn & Company for about 600 billion won (about

$497 million) citing unnamed investment banking sources.

HMM said in a regulatory filing that although it was in talks with the private equity firm, nothing had been decided as yet.

For more of the Reuters story: www.reuters.com