Four parties now in the running to take over HMM 

The runners and riders lining up to bid for control of HMM, South Korea’s flagship carrier, are growing.

State-backed entities announced they would sell their majority shareholding in HMM last week with interested parties given until August 21 to lodge a bid.

Splash has already reported on 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. 

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