%20(1).png)
German company Hapag-Lloyd has reportedly failed to make the shortlist in the preliminary bidding for a majority stake in South Korean carrier HMM. The three local bidders, Harim Group-JKL Partners consortium, LX Group, and Dongwon have been shortlisted. Hapag-Lloyd's foreign status is believed to have been a disadvantage, as many in South Korea oppose the idea of foreign control. The stake in HMM is valued between $3.8 billion and $7.6 billion. It is uncertain whether any of the shortlisted bidders can raise the necessary capital to take control of HMM.
Source: Link
.svg)
