Hapag-Lloyd AG to Acquire ZIM Integrated Shipping Services for $4.2 Billion

Hapag-Lloyd Aktiengesellschaft has finalized an agreement to purchase 100% of ZIM Integrated Shipping Services' shares. The acquisition, valued at $4.2 billion, will be executed via a merger, transforming ZIM into a wholly-owned subsidiary of Hapag-Lloyd.

The transaction cost per ZIM share is set at $35, funded by Hapag-Lloyd's cash reserves and $2.5 billion in external financing. Approval from the State of Israel, due to ZIM's "Special State Rights," is necessary for completion. An agreement with FIMI Opportunity Funds involves transferring assets to a new company to meet these rights.

Expected by the end of 2026, the merger solidifies Hapag-Lloyd as the fifth largest shipping line globally, enhancing its fleet to over 400 vessels with a capacity exceeding 3 million TEU.