HMM to liquidate its overseas container terminals

Hyundai Merchant Marine plans to raise $140 million through the liquidation of its container terminals in the USA.

HMM will liquidate its entire holdings in CUT (California United Terminals) located in LA, USA and WUT (Washington United Terminals) located in Tacoma, USA, for $140 million.

HMM selected the American private equity fund Lindsay Goldberg as its preferred bidder. Further detailed information will be made available after the actual inspection. HMM plans to implement an actual inspection with Lindsay Goldberg within October, and seal the deal within the 1st quarter of 2015.

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