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Hanjin confirms potential port divestment

Korean Hanjin Shipping confirms in a brief to the Korean stock exchange that the shipping company considers divesting stakes in its port terminals.

Photo: Hanjin

Earlier today Korean newspaper Korea Economic Daily, citing employees at an investment bank, reported that Hanjin was considering the divestment, and the newspaper even named a container terminal in Algeciras, Spain, according to Bloomberg News.

The newspaper writes that the sale could raise around USD 279 million.

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