The negotiation for the acquisition of fellow countryman SK Shipping by HMM goes up in smoke.
The South Korean company itself announced it, which on January 15 had been selected as the preferred bidder for the purchase of the liner.
According to reports, disagreements emerged over the acquisition price between the carrier and its owner company, the private equity investment group Hahn & Co.
Media reports indicate that SK Shipping’s business is valued at approximately $2.8 billion.
