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MercurysBall2 ago

Euan Rellie >> Hanjin https://en.wikipedia.org/wiki/Hanjin_Shipping

Hanjin Shipping Co., Ltd. was a South Korean integrated logistics and container transport company. Prior to its financial demise, Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity...On February 17, 2017, Hanjin Shipping Co. was declared bankrupt by South Korean courts, with a court order to be liquidated.

.In February 2017, SM Line, a new shipping firm formed by Samra Midas (SM) Group, purchased five vessels previously owned by Hanjin.[13] In March, SM Line acquired two of Hanjin Shipping's terminals in Korea, in the cities of Gwangyang and Incheon.

MercurysBall2 ago

Carlyle joins bids for Korea’ No.4 parcel delivery firm – sources http://www.koreaninvestors.com/?p=886

2016: The Carlyle Group has recently embarked on due diligence of South Korea’s Logen Co. Ltd. for a possible acquisition, following another private equity firms CVC Capital Partners and Affinity Equity Partners which rekindled interest in the parcel delivery company last month, according to investment banking sources on August 23.

Logen, unlisted and the fourth-biggest package delivery firm in South Korea, is wholly owned by Baring Private Equity Asia (PEA). It has been put up for sale since earlier this year...

But shortlisted bidders in the preliminary bidding process in March – Germany’s DHL, UPS and a South Korean private equity fund – had all dropped out of the auction because of its high price tag. CVC and Affinity, which also had placed preliminary bids for Logen, reportedly suggested between the upper end of the 200 billion won range and the lower end of the 300 billion won range.