The Korean container shipping company is disposing of its interest in terminals in Tacoma and Los Angeles.
Hyundai Merchant Marine said it will raise $140 million through the sale of container terminals in the U.S., with private equity company Lindsay Goldberg being the preferred bidder.
The company said it will sell convertible preferred stock in California United Terminal in Los Angeles and Washington United Terminals in Tacoma.
Hyundai said it has plans for an inspection with Lindsay Goldberg this month and to complete the deal in the first quarter of next year.
Hyundai Merchant Marine selling U.S. terminals
