Hapag-Lloyd Acquires ZIM, Creating World’s Fourth-Largest Container Shipping Company
Global container shipping giant Hapag-Lloyd has agreed to acquire ZIM, Israel’s de facto national shipping line, in a landmark deal valued at over $4 billion. The heads of agreement have been reached, and ZIM’s board approved the transaction, which will see the company delisted from the New York Stock Exchange after Hapag-Lloyd purchases all issued shares.
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