Hapag-Lloyd has signed an agreement with ZIM Integrated Shipping Services, a container shipping line, under which Hapag-Lloyd will acquire 100 percent of ZIM’s shares for a consideration of $35 per share in cash. The total transaction value amounts to more than $4 billion.
FIMI, Israel’s largest and leading private equity fund, will take ownership of a carved-out container-liner business that will serve some of the most important strategic trade-lanes, seamlessly connect to the global network of Hapag-Lloyd and enhance and secure the global maritime connectivity for the State of Israel. The new container line will start with 16 modern, sizeable and efficient vessels and take over full responsibility for ZIM’s Golden Share as well as the ZIM brand.
The completion of the transactions is subject, among others, to approval by ZIM’s shareholders and the relevant regulatory authorities.
Until the closing of the transaction, Hapag-Lloyd and ZIM will remain comp
