Israel/Economy/German shipping giant Hapag-Lloyd buys Israel's Zim for over $3 billion

German shipping giant Hapag-Lloyd buys Israel's Zim for over $3 billion

Feb 24, 202610 sources

org:zimorg:hapag-lloyd

Summary

German shipping company Hapag-Lloyd, along with investment firm FIMI Funds, has agreed to buy Israeli shipping firm Zim for a reported $4.2 billion. The deal has raised national security concerns in Israel, with a Knesset panel flagging the sale to a foreign rival. Israeli workers at Zim went on strike in response to the news of the sale talks.

Source Headlines

10 headlines from 5 publishers

Knesset panel flags national security fears over Zim’s sale to German shipping rival

Feb 22

Hapag-Lloyd, FIMI Funds ink $4.2 billion deal to buy Israel’s Zim

Feb 16

German shipping giant in talks to buy Israel’s Zim for up to $3.5B; workers go on strike

Feb 15

Reports: Israel’s ZIM to be sold to German shipping giant Hapag-Lloyd for over $3 billion

Feb 15