Announced

Hapag-Lloyd to acquire ZIM Integrated Shipping Services for $4.2bn.

Synopsis

Hapag-Lloyd, a German international shipping and container transportation company, agreed to acquire ZIM Integrated Shipping Services, a publicly held Israeli international cargo shipping company, for $4.2bn. The combination of the two carriers further strengthens ZIM's global market position and secures Hapag-Lloyd's status as the fifth-largest container shipping company worldwide.

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