Israel Opposes Hapag-Lloyd Bid for Zim Over Qatari and Saudi Stakes
German shipping company Hapag-Lloyd’s effort to acquire Israeli rival Zim is facing opposition from the Israeli government over the prospective buyer’s ownership structure.
The objection centres on stakes held by Qatari and Saudi investment funds, which together own 22% of Hapag-Lloyd.
Those holdings have become an obstacle to the proposed takeover, placing the German company’s Gulf shareholders at the heart of the dispute.
The acquisition effort would bring Zim under Hapag-Lloyd’s ownership, but Israeli government opposition leaves the proposal facing a political hurdle.
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