Market Chatter: ZIM's Sale to Hapag-Lloyd, FIMI Unlikely to Win Israeli Regulatory Approval

MT Newswires Live

08/10

ZIM Integrated Shipping Services' (ZIM) proposed $4.2 billion sale to Germany's Hapag-Lloyd and Israel's FIMI investment fund is set to be rejected by Israeli regulators, tech news outlet Calcalist reported Sunday.

A decision on the sale is expected in the coming month but the deal is unlikely to be approved, with a majority of regulating agencies "expected to oppose the deal," the report sid.

After the rejection, Hapag-Lloyd and FIMI will be granted a hearing at Israel's Companies Authority to make a final case to persuade regulators, the report said.

Hapag-Lloyd, FIMI, and Zim did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4021","symbol_name":"海运","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2658997981","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2658997981","pubTimestamp":1786352440,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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