HMM, BlackRock in investment talks

South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, said a HMM spokesman. BlackRock was in talks with HMM to invest up to 1 trillion won (RM3.78 billion) in the nation’s largest shipper, the Korea Economic Daily reported, citing sources. The government of export-driven South Korea has injected 1.5 trillion won in HMM, including via a rights issue, to bolster the firm since last year.