HMM tasked with preventing sale of Hyundai LNG to foreign firm

HMM, Korea’s leading shipping company that is under the control of the state-run Korea Development Bank (KDB), decided to compete with foreign companies to regain Hyundai LNG Shipping from IMM Private Equity, according to industry officials, Friday. Hyundai LNG Shipping was formerly a business division of HMM, but it was sold to IMM during HMM’s …

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