NYSE:ZIMShipping
Hapag Lloyd’s ZIM Deal Tests Valuation, Earnings Outlook And Israel Interests
Hapag Lloyd has agreed to acquire ZIM Integrated Shipping Services (NYSE:ZIM) in a US$4.2b transaction.
The deal includes the creation of a "New ZIM" entity to retain key operations and interests in Israel.
The transaction is subject to regulatory, shareholder, and governmental approvals, with labor strikes and Israel's golden share considerations in focus.
ZIM operates as a global container shipping company, and this deal places it at the center of one of the larger consolidation moves in...