Haejingong, HMM Management Rights Sale Process Officially Launched... First Advisory Meeting Held

by Ju Sangdon

Published 10 Apr.2023 17:15(KST)

The procedure for the sale of management rights of the national shipping company HMM (formerly Hyundai Merchant Marine) officially began on the 10th.

On this day, the Korea Ocean Business Corporation and the Korea Development Bank announced that they had started the full-scale sale process by holding a kickoff meeting for sale advisory.

On the 7th, the Korea Ocean Business Corporation and the Korea Development Bank signed advisory service contracts related to the sale of HMM's management rights with Samsung Securities (sale advisor), Samil Accounting Corporation (accounting advisor), and Law Firm Gwangjang (legal advisor).

A representative of the Korea Ocean Business Corporation stated, "Starting with this kickoff meeting with the Korea Development Bank, both institutions plan to make their best efforts to ensure that the future sale process proceeds smoothly through thorough discussions with the advisory team."

Haejingong, HMM Management Rights Sale Process Officially Launched... First Advisory Meeting Held