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KDB reviews HMM stake sale… “Understanding market conditions”

HMM’s dream

[HMM 제공. 재판매 및 DB 금지]

(Seoul = Yonhap News) Reporter Jiheon Lee = Korea Development Bank is a container shipping company, HMM[011200] Before coming up with a plan to sell the stake, the company carried out market research on potential buyers.

According to the financial sector on the 22nd, KDB recently met with officials from potential acquisition candidates HMM to share their views on the market situation.

HMM is owned by public institutions such as Korea Development Bank (20.69%), Korea Maritime Promotion Corporation (19.96%), and Korea Credit Guarantee Fund (5.02%).

Both inside and outside the market, given that HMM’s business conditions have improved, it is expected that Korea Development Bank and others will accelerate the process of selling their stakes before the shipping industry deteriorates further.

The industry is considering Hyundai Motor Group, POSCO Group, SM Group, and LX Group as potential acquisition candidates.

It is true that the KDB is conducting a preliminary investigation into the market situation, but it is in the position that no specific sales plan has been established at this time.

Regarding the sale of HMM, the KDB official said, “There is a fact that we have identified the market conditions related to the sale of HMM against multiple companies.

The KDB also plans to issue a notice next week and resume sales of KDB Life Insurance.

Previously, KDB selected JC Partners as the preferred negotiator in June 2020 and even signed a stock purchase contract at the end of last year, but the sale of KDB Life Insurance was not successful because JC Partners did not meet the requirements for principal shareholder.

pan@yna.co.kr

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2022/11/22 19:33 Sent