[Korea's financial standing hyomun newspaper reporter Hyundai Merchant Marine said it signed a 16 days 'Hanjin Pacific (HPC)' agreement to acquire 100% stake.
Terminal operating subsidiary of Hanjin Hanjin Pacific (HPC) and Hanjin Shipping has a stake of 40% to 60%, Marine Terminal Investment (MTIL), operates a terminal in Tokyo, Japan and Taiwan, Kaohsiung terminal.
Hyundai Merchant Marine will open the day the Council approved the agenda for the Hanjin Pacific (HPC) acquisition, Hanjin Shipping and Marine Terminals signed an investment (MTIL) and Hanjin Pacific (HPC) acquisition agreement. The total acquisition price is approximately 150 million. This Hyundai Merchant Marine Hanjin Shipping operates that terminal of the Long Beach terminal (TTI) 20% stake, Algeciras 100% equity interest (in progress), Hanjin Pacific (Tokyo Terminal / Kaohsiung terminal) 100% stake, such as Terminal 4, where the gain that was .
HMM future plans to complete the acquisition process in the first half after the procedure, such as Terminal (Tokyo Terminal / Terminal Kaohsiung) Detailed due diligence and the approval of each port authority.
Hyundai Merchant Marine official said, "The Hanjin Pacific (HPC) will strengthen sales competitiveness through port network expansion in accordance with the equity secured," he said "three synergies with HMM + K2 consortium, which also starts largely expected from April." .
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