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Story summary
- Hapag-Lloyd will acquire ZIM Integrated Shipping Services with FIMI (an Israeli investment firm) after a six-month tender.
- Deal is valued at over $3.5 billion and will delist ZIM from the New York Stock Exchange.
- Hapag-Lloyd will manage ZIM's international operations while FIMI will oversee domestic assets to ensure compliance with Israeli regulations.
- ZIM's workers' union is negotiating a sale bonus amid talks with management who previously sought a management buyout.
