Up to six companies could submit final bids for HMM’s stake in brokerage Hyundai Securities.
The deadline is 24 March and the restructuring shipowner aims to complete a deal by the end of June, major creditor Korea Development Bank (KDB) said.
A $580m sale of the 22.4% holding to Japan’s Orix failed last year.
HMM is also looking to reduce the charter rates it pays for some of its ships, as well as reducing capital and potentially selling its tankers.
It
