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Media: Hapag-Lloyd is out of the bidding race for rival HMM

Hapag-Lloyd has apparently not progressed in the bidding process for South Korean carrier HMM. Local media reports that only three bidders have advanced in the process.
According to local media, there are now only three South Korean contenders left in the bidding war for HMM. | Photo: Jonas Walzberg/AP/Ritzau Scanpix
According to local media, there are now only three South Korean contenders left in the bidding war for HMM. | Photo: Jonas Walzberg/AP/Ritzau Scanpix
by TOMAS KRISTIANSEN

HMM will apparently not get German owners in connection with the sale of about 40 percent of the shares in the South Korean box carrier.

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