Hapag-lloyd

Hundreds of ZIM employees and Histadrut members are set to protest in Tel Aviv against the company's multi-billion-dollar acquisition by Hapag-Lloyd and FIMI, citing job security and national strategic risks.

Israel's Ministry of Finance officially recommends rejecting the $4.2 billion acquisition of ZIM by Germany's Hapag-Lloyd, citing national security risks, Qatari ownership ties, and fleet vulnerability.

Economy Minister Nir Barkat shifted his stance to support Hapag-Lloyd and FIMI's $4.2 billion acquisition of ZIM, following revised terms and security assurances.

Hapag-Lloyd CEO Rolf Habben Jansen arrives in Israel to revise a $4.2 billion acquisition bid for ZIM with FIMI Fund, addressing state concerns over shipping lanes.

The Shipping and Ports Authority demands that ministers use the state's golden share to impose an immediate veto on the deal with the German company, while a number of government ministries have already expressed firm opposition.

Discussions regarding the $4.2 billion sale of Zim to Germany's Hapag-Lloyd and the FIMI fund are gaining momentum, with current estimates suggesting the deal will not be approved.