The German shipping company Hapag-Lloyd AG has entered into an agreement to acquire the Israeli competitor Zim Integrated Shipping Services Ltd. This is reported in a press release from Hapag-Lloyd.

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・The new offer represents a 7.1% premium over the share price in ZIM’s existing agreement with German shipping line Hapag-Lloyd. ・In a letter to the board, the group reportedly committed to ...

The move, which was approved by the ZIM board of directors, came after both the ZIM’s workers’ committee and senior Israeli politicians expressed opposition to the acquisition. The Israeli shipping ...

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