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Hyundai Merchant Marine sells bulk shipping division

Hyundai Merchant Marine is selling its bulk shipping division, the latest in a series of assets that South Korea’s second-largest shipping conglomerate is shedding to raise liquidity.

Hyundai Merchant Marine sells bulk shipping division

Hyundai Merchant Marine is selling its bulk shipping division, the latest in a series of assets that South Korea’s second-largest shipping conglomerate is shedding to raise liquidity.

Hyundai Merchant Marine sells bulk shipping division
16 April 2015 - 20:37

Hyundai Merchant Marine is selling its bulk shipping division, the latest in a series of assets that South Korea’s second-largest shipping conglomerate is shedding to raise liquidity.
The sale plans were first reported by the Seoul Economic Daily, which quoted investment bankers as estimating that the sale could fetch 300 billion to 350 billion Korean won (US$270 million to $315 million).

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