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Snapshot: HMM’s largest shareholder KDB confirms stake up for sale

Snapshot: HMM’s largest shareholder KDB confirms stake up for sale

Five years after saving South Korea’s HMM from the brink with a debt-for-equity swap, Korea Development Bank says it will unload its stake in Korea’s flagship liner operator.
KDB chairman Lee Dong-gull disclosed the planned sale at a press conference yesterday to mark the fourth anniversary of his inauguration.
In 2016, HMM was facing bankruptcy after years of losses and, as part of its self-rescue plan, the carrier renegotiated its long-term vessel …

The post Snapshot: HMM’s largest shareholder KDB confirms stake up for sale appeared first on The Loadstar.


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15 September 2021, 14:34