ZIM to be sold for $4.2B to German-Israeli partners, drawing domestic opposition
TL;DR
Israel's ZIM will be sold for about $4.2 billion to a German-Israeli partnership of Hapag-Lloyd and FIMI Opportunity Funds, with Hapag-Lloyd running international operations and FIMI Israeli assets. The deal, approved by ZIM’s board, aims to bypass the government’s golden share but faces pushback from workers, politicians and Haifa officials who warn it could threaten Israel’s economy and security.
Topics:businessbusiness-and-innovation#business-and-innovation#fimi#hapag-lloyd#mergers-and-acquisitions#shipping#zim
- Israeli shipping giant ZIM to be sold for $4.2 billion to German, Israeli capitals - Calcalist The Jerusalem Post
- German shipping giant in talks to buy Israel’s Zim for up to $3.5B; workers go on strike The Times of Israel
- Zim board approves $4.2 billion sale to Hapag-Lloyd and FIMI CTech
- Inside ZIM’s mega-sale www.israelhayom.com
- Hapag-Lloyd in talks to acquire Zim for $3.5 billion Yahoo Finance
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