MSC Joins Hapag-Lloyd in Battle to Acquire Israeli Shipping Giant ZIM
Swiss shipping leader MSC submits takeover bid for ZIM, competing with Germany's Hapag-Lloyd as employees and government raise national security concerns over foreign ownership.
Swiss shipping leader MSC submits takeover bid for ZIM, competing with Germany's Hapag-Lloyd as employees and government raise national security concerns over foreign ownership.
Hapag-Lloyd is acquiring Israel’s ZIM in a $4.2B cash deal at $35/share (58% premium). The merger creates the world’s 5th-largest shipping giant while a new Israeli “New ZIM” keeps vital sea routes to Israel safe.
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