SOUTH KOREA: 'Way cleared' for Wallennius Wilhelmsen takeover of HMM
The Korea Herald reports that Hyundai Merchant Marine (HMM) and Hyundai Motor have come to an agreement on the terms of their long-term auto-shipping contract. According to HMM sources quoted in the newspaper, the agreement is 'likely to help HMM close a takeover deal for its auto shipping fleet with Scandinavian corporation Wallennius Wilhelmsen within this month'.
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