Its Hyundai Merchant Marine (America) unit owns 100% of California United Terminals (CUT) and Washington United Terminals (WUT) in Tacoma.
HMM has selected US private equity fund Lindsay Goldberg as preferred bidder for a convertible preferred shares issue, without saying what stake it could eventually hold.
Due diligence will be carried out this month and the shipowner hopes to seal the deal in the first quarter of next year.
