ZIM Integrated Shipping Services Ltd. (ZIM) experienced a significant pre-market surge of 36.67% on Tuesday.
The sharp increase in share price is directly attributed to the announcement that German shipping giant Hapag-Lloyd has agreed to acquire ZIM for $35 per share in cash, representing an equity value of approximately $4.2 billion. The offer price constitutes a substantial premium over ZIM's recent trading levels.
The acquisition is intended to secure Hapag-Lloyd's position as the world's fifth-largest shipping group, increasing its global market share. The deal includes arrangements for a newly formed Israeli entity to maintain certain liner services and fulfill state obligations. The transaction is expected to close by late 2026 following necessary approvals.