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Hapag-Lloyd Buys Israel's ZIM for $4.2 Billion
Hapag-Lloyd will acquire ZIM’s international operations for $4.2 billion, while FIMI retains Israeli assets, ensuring national control over 16 ships and local employees.
- Germany's Hapag-Lloyd is to buy Israel's ZIM Integrated Shipping Services for $4.2 billion in cash to become the world's fifth-largest shipping group.
- The deal represents a 126% premium over ZIM's unaffected stock price and has been unanimously approved by ZIM's board, subject to shareholder and regulatory approvals.
- ZIM staff went on strike over the deal, citing national security concerns raised by Haifa's mayor, while the companies say it will strengthen their global market positions.
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66 Articles
Why ZIM Integrated Shipping Services Stock Surged Today
Key PointsA controversial acquisition could reshape the shipping industry.The deal will likely face regulatory hurdles.10 stocks we like better than Zim Integrated Shipping Services › Shares of ZIM Integrated Shipping Services (NYSE: ZIM) popped on Tuesday after the Israeli cargo carrier struck a deal to be acquired by larger rival Hapag-Lloyd (OTC: HPGLY). By the close of trading, ZIM's stock price was up more than 25% after rising as much as 3…
The Hamburg logistics company Hapag-Lloyd takes over the Israeli shipping company Zim for 4.2 billion US dollars.
The container shipping company Hapag-Lloyd takes over a competitor from Israel. This requires, among other things, the release of the state of Israel.With a billion-dollar takeover in Israel, the shipping company Hapag-Lloyd strengthens its position as the world's fifth largest container shipping company.For the acquisition of the shipping company Zim, which is based in Haifa, the Hamburgers take over more than four billion US dollars, as Hapag-…
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