ZIM Agrees $4.2B Merger With Hapag-Lloyd, Creates New ZIM
ZIM entered a merger agreement under which Hapag-Lloyd will acquire ZIM for $35.00 per share in cash, valuing the deal at about $4.2 billion. ZIM’s Israeli subsidiary will merge into Hapag-Lloyd, which will keep ZIM as a wholly owned unit. The combined carrier will manage 400+ vessels and plan higher volumes, while New ZIM launches a 16-vessel Israel–EU/US and regional routing using Hapag-Lloyd’s Gemini network.