Hapag-Lloyd Revising $4.2B ZIM Offer to Address Israeli Concerns

German shipping giant changes $4.2 billion ZIM deal to protect Israel’s strategic routes

German shipping group Hapag-Lloyd is revising its proposed $4.2 billion acquisition of ZIM Integrated Shipping Services after Israeli officials and workers warned that foreign ownership could weaken the country’s control over vital maritime connections.

Hapag-Lloyd Revising $4.2B ZIM Offer to Address Israeli Concerns

Hapag-Lloyd is working with the Israeli government on improvements to its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services, the German shipping group said on Monday.The proposed deal has faced heavy opposition in Israel…

Hapag-Lloyd reshapes Zim deal to address Israel security concerns

The German carrier is revising its proposed Zim acquisition, with new safeguards aimed at protecting Israel’s shipping links, sensitive cargo and maritime independence.

Hapag-Lloyd to improve $4.2b. bid for ZIM after opposition from gov't, workers, company says

"We are now developing an improved proposal designed to further strengthen Israel's maritime security and independence," said Hapag-Lloyd CEO Rolf Habben Jansen.

Hapag-Lloyd plans improvements to $4.2 billion bid for Israel's ZIM