Independent journal on economy and transport policy
05:02 GMT+1
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HMM and Korea Line have introduced offered in order to acquire the Asia-USA services of Hanjin Shipping
They would have introduced proposed also in order to acquire the seven branches foreign of the company
November 10, 2016
With an official notice to the Stock exchange of Korea, the South Korean shipowning societies Hyundai Merchant Marine (HMM) and Korea Line Corporation have confirmed to have introduced today offered final in order to acquire the marine services between Asia and the USA of the Hanjin Shipping compatriot, than at the beginning of september it is admitted to the procedure of controlled administration. Last month the two companies and others three local investor had introduced offered preliminary in order to buy such activities.
According to the forecasts, the next week the district court of Seul, that it supervises to the procedure of controlled administration, will select the preferential offerer and the cession will be capacity to term before the end of this month.
Citing some sources, the South Korean news agency Yonhap has specified that, as well as for these activities, HMM and Korea foreign Line they could have introduced offered in order to acquire the seven branches of Hanjin Shipping and the participation of the company in the terminal managed in the port of Long Beach, asset whose value could pile to 250 billion won (217 million dollars).
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