1 of 1
Story summary
- Israel’s Government Companies Authority ended its review of the Hapag-Lloyd-FIMI acquisition of Zim.
- Authority halted the process because parties submitted only a non-binding list of principles.
- Revised deal may be submitted by October 6 after Zim, Hapag-Lloyd and FIMI board approvals.
- Finance Ministry, Prime Minister’s Office and other ministries opposed the original structure over security concerns.
- Revised framework adds an Asian route and more ships but does not increase Zim’s offer.