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POSCO Considers Acquisition of HMM, Sparks Strong Opposition from Shipping Industry

According to industry sources and POSCO Holdings on September 14, POSCO Group is reviewing a potential acquisition of HMM. The steelmaker has reportedly formed a large advisory group by signing contracts with Samil PwC and Boston Consulting Group to prepare for the deal. The Korea Shipowners’ Association (KSA) strongly opposed the move, issuing a statement …

Source: www.hellenicshippingnews.com

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