Financial Ports

Israel Kills Zim Deal—Hapag-Lloyd Must Start Over by October 6

CLAVE 1 / 4Israel’s Government Companies Authority has terminated the review of Hapag-Lloyd’s proposed acquisition of Zim, citing national security risks.

CLAVE 2 / 4The original €3.5bn deal was rejected over concerns about maritime independence and Zim’s potential dependence on Hapag-Lloyd.

CLAVE 3 / 4Hapag-Lloyd and FIMI have until October 6 to submit a revised proposal or restart the six-month review process.

CLAVE 4 / 4The Finance Ministry warned that material risks were not adequately addressed, including investments in Hapag-Lloyd by Qatar and Saudi Arabia.

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