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Report: Israeli Regulator and Unions Threaten Sale of Zim to Hapag
The $4.2 billion acquisition faces opposition from Israeli regulators and unions representing 800 workers amid concerns over national security and potential layoffs.
9 Articles
9 Articles
Israel weighs blocking $4.2B German shipping company deal for Zim shipping
The path to approval could prove to be challenging, as two countries that do not have diplomatic relations with Israel – Qatar's sovereign wealth fund and Saudi Arabia's Public Investment Fund – hold almost a quarter of the willing buyer, Hapag-Lloyd's, shares
On the 16th, Hapag-Lloyd, the world's fifth-largest container shipping company, announced its acquisition of Zim, Israel's largest shipping company and the world's tenth-largest, for $4.2 billion (approximately 6 trillion won). This is a major deal between two of the world's top ten shipping companies. If the acquisition is finalized around the end of this year, Hapag-Lloyd will trail China's COSCO, the fourth-largest shipping company, by just o…
Splash Wrap: ZIM sale tops the agenda
A planned $4.2bn sale of ZIM to Germany’s Hapag-Lloyd sparked protests and a strike in Israel this week. Under the structure outlined, Hapag-Lloyd will acquire ZIM and then carve out its Israeli operations into a separate entity to be controlled by FIMI. The new company, to be known as “New ZIM”, will operate 16 vessels …
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