Hanjin’s TTIA stake to HMM?
While the carve-up of Hanjin’s operations on the USWC is well under way (WorldCargo News, November 2016, p14), Hyundai Merchant Marine (HMM) has been selected as the preferred bidder for Hanjin’s 25% stake in TTI Algeciras (TTIA). The Korean consortium of IBK Securities and Korea Investment Partners has held a 75% stake since 2014, as part of an earlier attempt to restructure Hanjin’s debts.
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