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Harim Group, together with a neighborhood personal fairness accomplice, has been chosen by state collectors because the successful get together to take a majority stake in South Korea’s flagship service, HMM.
The 2 authorities establishments – Korea Improvement Financial institution and Korea Ocean Enterprise Corp – are to signal a inventory buy settlement with Harim Group after negotiating the phrases and finalising the deal within the first half of subsequent 12 months for the 57.9% stake in HMM.
Harim Group is greatest identified for its poultry enterprise, however it already has a sizeable publicity in transport, having purchased Pan Ocean, one of many nation’s largest bulk house owners, a couple of years in the past.
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