Hahn & Co agrees $380m Hanjin deal
Of the four leading Korean dry bulk carriers, Hanjin Shipping and Hyundai Merchant Marine are raising capital through asset sales and restructurings, while STX Pan Ocean and Korea Line have already filed for bankruptcy.
Hahn & Co. tried to buy Korea Line this time last year for KRW1.1 trillion ($1 billion) through a bankruptcy court process. After being selected as the preferred bidder, the private equity firm withdrew...
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