Israeli shipping giant ZIM to be sold to German company for $3.5 billion
ZIM Integrated Shipping Services will be sold to Hapag-Lloyd and Israel’s FIMI Opportunity Funds in a deal valued at about $3.7 billion, Israeli media reported Sunday. Following a six-month tender process, the New York–listed company is expected to be delisted.
Under the agreement, Hapag-Lloyd will assume ZIM’s global operations and international shipping routes. Israel retains a golden share in the company dating back to its privatization.
Haifa Mayor Yona Yahav criticized the move, calling ZIM a strategic national asset and warning the sale to foreign ownership could harm national security and employment.
The All Israel News Staff is a team of journalists in Israel.
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