Home » Shipping » Main Line Operators » Hapag-Lloyd shows interest in HMM takeover

Hapag-Lloyd shows interest in HMM takeover

Hamburg-based Hapag-Lloyd has emerged as an interested party to take over HMM, both companies being members of THE Alliance, a grouping of global liners.
Facebook
Twitter
LinkedIn
WhatsApp
Email

State-backed entities announced they would sell their majority shareholding in HMM last month.

Other potential bidders reported include two conglomerates with shipowning subsidiaries keen to take over HMM: Harim Group, which controls Pan Ocean, and SM Group, which owns SM Line.

Also in the mix for HMM are LX Holdings and Dongwon Group, Korean firms with interests in logistics.

State-run banks, which have been in control of HMM since 2016, hope to complete the sale of the famous shipping line by the end of this year.

Facebook
Twitter
LinkedIn
WhatsApp
Email

Subscribe to Our Newsletter

One Ocean Maritime Media Private Limited
Email
Name
Share your views in comments