Hapag-Lloyd in Talks to Buy Israel’s Zim Integrated Shipping
A ZIM Integrated Shipping Services Ltd. LNG container ship docked at the Yangshan Deepwater Port in Shanghai.
Source: Bloomberg
Hapag-Lloyd AG is in advanced talks to acquire Israeli competitor Zim Integrated Shipping Services Ltd, the German company said on Sunday.
Discussions with Israeli financial investor FIMI Opportunity Funds tied to the assumption of obligations under special rights by the state of Israel are also at an advanced stage, the Hamburg-based shipper said in a statement to the stock exchange. No binding agreements have been entered into as yet, it said.