The Management Board of Hapag-Lloyd confirms that it is in advanced talks to acquire all shares of Zim Integrated Shipping Services.
No binding agreement has been signed yet. Both Hapag-Lloyd’s Management Board and Supervisory Board still need to approve the transaction.
The deal also requires approval from ZIM’s corporate bodies and shareholders. In addition, the State of Israel must give its consent due to special rights in ZIM’s articles of association.
Hapag-Lloyd is in advanced discussions with FIMI Opportunity Funds to take over these special obligations. The transaction will also need regulatory approvals before completion.
According to Calcalist, Hapag-Lloyd has won a six-month tender process and agreed to acquire ZIM together with FIMI, Israel’s largest private equity fund. The two partners plan to buy 100% of ZIM for a deal valued at more than $3.5 billion.
The transaction will lead to ZIM’s delisting from the New York Stock Exchange, where it has traded since its 2021 IPO. Calcalist reports that Hapag-Lloyd and FIMI will split ZIM’s global and strategic assets to comply with the Israeli state’s “golden share” requirements.
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