01
Feb
09:39
Posco eyes HMM shipping stake
South Korean state-owned Korean Development Bank (KDB) is considering selling its 12.6% stake in container shipping line HMM to steelmaker Posco, Kallanish notes from Business Korea.
A high-ranking government official is quoted as saying: "KDB recently reported an HMM privatisation plan to the Ministry of Strategy and Finance. The ministry will start a full-fledged review with other ministries and agencies."
The acquisition is believed to benefit Posco …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous