Shipping: Hapag-Lloyd relies on ZIM takeover despite Israeli veto
Why does Hapag-Lloyd believe in the ZIM takeover despite resistance from Israel? Intensive talks are taking place behind the scenes - and it's about around €3.6 billion.
Hapag-Lloyd is pushing forward with its plans to acquire Israeli shipping company ZIM despite resistance from the Israeli government. The company's CEO, Rolf Habben Jansen, believes the proposed takeover would be an improvement for Israel. Hapag-Lloyd, the world's fifth-largest shipping company, had agreed to buy ZIM for approximately 3.6 billion euros in February.
The Israeli government has vetoed the deal, citing concerns about the involvement of Saudi Arabian and Qatari state funds, which own 10.2% and 12.1% of Hapag-Lloyd respectively.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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