HMM walks away from SK Shipping deal as price gap proves insurmountable

South Korea’s national carrier HMM has officially withdrawn its bid to acquire the tanker and bulker assets of SK Shipping, ending months of discussions after a persistent valuation gap made the deal untenable. SK Shipping’s majority owner, Hahn & Company, has terminated HMM’s status as preferred bidder and will seek new bidders. Both parties were …

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