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Samra Midas Group, a major South Korean conglomerate, plans to bid for the acquisition of HMM.SM Group, the parent company of SM Line and South Korea's flagship carrier. The group aims to submit a bid of up to KRW4.5 trillion ($3.5 billion) for HMM. The merger between the two ocean-going carriers could be a significant development for South Korea's shipping industry. The state's interest in HMM is currently at 52%, and potential buyers are awaiting further developments.
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