US EditionHapag-Lloyd Buys Israel's ZIM for $4.2 Billion
Hapag-Lloyd will pay a 58% premium to acquire ZIM, carve out Israeli domestic assets to FIMI, preserving national security and strategic maritime capabilities.
- 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.
62 Articles
62 Articles
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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Here you will find information on the topic "Ship Cruise". Read now "Hapag-Lloyd swallows Israeli shipping company Zim.
The Hamburg shipping company takes over the Israeli competitor for 4.2 billion dollars. ZIM employees face resistance.
ZIM is the world's tenth largest container talker - and probably soon in the hands of Hapag-Lloyd. The Hamburg logistics company puts more than four billion euros on the table. Green light must be given at the end of the day by the state of Israel.
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