Treasury Opposes ZIM Deal
11 Articles
11 Articles
Treasury: The structure of the deal does not guarantee effective Israeli control, oversight of ownership and management, or a fleet that will suit national needs over time • The Prime Minister's Office also announced its opposition to the deal
Major mergers and acquisitions are underway that are set to shake up the landscape of the global container shipping market. The competition for mega-capacity among shipping companies has been reignited as Hapag-Lloyd, the world's fifth-largest German shipping company, has agreed to acquire ZIM, the world's tenth-largest Israeli shipping company, for approximately $4.2 billion. If the acquisition is approved, Hapag-Lloyd's fleet capacity will inc…
In a new opinion, the Treasury Department states that the risks in the merger deal with the German company Hapag-Lloyd outweigh the benefits. The main concern: fatal dependence on hostile factors, significant holdings by Qatar and Saudi Arabia in the European shipping giant, and damage to the financial strength and security of the state.
Hamburger grants Israel further rights in the event of the division of the shipping company. Why the merger could nevertheless fail
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