Macquarie's newest Korea fund makes second investment

Macquarie acquires a 40% stake in South KoreaÆs Hanjin Terminals at a price which values the terminals business at around $870 million.

Macquarie's newest Korea fund has acquired a 40% stake in South KoreaÆs Hanjin Terminals. The details of the price paid have been withheld but Hanjin has announced that the price values the entire business at $870 million.

Hanjin Terminals comprises the marine terminal operations of Hanjin Shipping in six locations Kaohsiung, Taiwan Osaka and Tokyo, Japan and Long Beach, Oakland and Seattle in America. In Japan, the scope of the transaction is limited to the administration of terminal facilities only....

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