Hapag-Lloyd is revising its $4.2 billion cash acquisition of ZIM Integrated Shipping Services. The German firm is collaborating with the Israeli government following opposition from officials and workers over national security risks.
Hapag-Lloyd’s CEO stated the new proposal will strengthen Israel’s maritime independence. The revised deal aims to ensure continuous access to critical shipping routes.
The updated offer, expected later this month, introduces significant structural changes. It reduces the ownership threshold for single foreign investors.
Israeli private equity fund FIMI will take ownership of ZIM Israel, a new domestic entity. This carved-out company will maintain control over a portion of the existing fleet.