Israel’s Transport Minister Miri Regev has ordered an immediate review of the sale of Israeli shipping giant ZIM to Germany’s Hapag-Lloyd and Israel’s FIMI Opportunity Funds. The deal, valued at an estimated $3.7 billion, would see ZIM’s international routes acquired by Hapag-Lloyd, which has significant Qatari and Saudi ownership. Concerns have been raised in Jerusalem regarding ZIM’s strategic importance and the potential for a state veto, although the deal was structured to complicate such a block.
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Jerusalem may try to block sale of Israeli shipping giant ZIM
Israel’s Transport Minister Miri Regev has ordered an immediate review of the sale of Israeli shipping giant ZIM to Germany’s Hapag-Lloyd and Israel’s FIMI Opportunity Funds. The deal, valued at an estimated $3.7 billion, would see ZIM’s international routes acquired by Hapag-Lloyd, which has significant Qatari and Saudi ownership. Concerns have been raised in Jerusalem regarding ZIM’s strategic importance and the potential for a state veto, although the deal was structured to complicate such a block.