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HAPAG-LLOYD ACQUIRES ZIM
DETAIL INFORMATION
The fifth-largest container line Hapag-Lloyd has reached an agreement to acquire the 10th-ranked carrier ZIM, which serves as Israel’s unofficial national shipping line. An agreement in principle has been established between the two parties, and ZIM’s board sanctioned the deal on Sunday evening. Israeli business magazine Calcalist states that the deal's worth surpasses $4 billion.
ZIM, which has been publicly traded since 2021, is based in Haifa. The agreement involves Hapag-Lloyd acquiring all outstanding shares, followed by the removal of the company from the New York Stock Exchange.
Hapag-Lloyd is collaborating with the Israeli private equity firm FIMI in the agreement. While Hapag-Lloyd will handle the international elements of the ZIM business, Calcalist states that the German company will transfer a portion of the firm’s operations to FIMI, thus maintaining sealift and sovereign shipping capabilities under Israeli control.