Report: Korean Steel Giant POSCO is Exploring Acquiring Control of HMM

POSCO considering HMM acquisition to drive growth beyond steel

POSCO Group is considering acquiring shipping giant HMM as part of efforts to diversify its portfolio beyond steel. According to the investment banking industry, the company has formed a group of advisers, including from Samil PwC and Boston Consulting Group, to review the possibility of acquiring HMM. The potential acquisition is seen as significant, signaling POSCO’s bid to secure new growth drivers as it restructures in response to sluggish p…

Report: Korean Steel Giant POSCO is Exploring Acquiring Control of HMM

Speculation is being renewed over the ownership fate of Korean shipping company HMM, a year and a half after the deal to sell the company collapsed. I...

POSCO circles HMM as speculation mounts on state-backed exit

Speculation is mounting in Seoul that steel giant POSCO could emerge as the frontrunner to acquire a controlling stake in liner major HMM. Local media report that advisors from Samil PwC and Boston Consulting Group are understood to be working with POSCO on feasibility studies for a deal that could be worth in the region …