Hapag-Lloyd plans improvements to $4.2 billion bid for Israel's ZIM

Hapag-Lloyd plans improvements to $4.2 billion bid for Israel's ZIM

JERUSALEM : Hapag-Lloyd is working with the Israeli government on improvements to its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services the German shipping group said ​on Monday. The proposed deal has faced heavy opposition in Israel, including ZIM’s ‌workers, Defence Minister Israel Katz and other government officials, who argue that it undermines […]

Hapag-Lloyd to alter Zim bid to placate Israeli government

The proposed $4.2 billion acquisition raised national security fears in Tel Aviv, sparking strong opposition since the deal was announced in February.