Cash from Pan Ocean may be used by its majority shareholder to help fund the acquisition of domestic shipping rival HMM, say analysts.
Harim Group, which has a 54.7% stake in Pan Ocean, is reported to be among four companies looking to acquire HMM in a sale being handled by Samsung Securities.
The other competing interests are also said to include SM Group, LX Group and Dongwon Group, according to investment banking sources quoted by local media.
