Hapag-Lloyd has entered into a merger agreement with ZIM Integrated Shipping Services Ltd., the world's 10th largest container shipping line. Under this agreement, Hapag-Lloyd will acquire 100% of ZIM's shares for $35.00 per share in cash, bringing the total transaction value to over $4 billion.

The combined business will exceed 3 million TEU (Twenty-foot Equivalent Units) in capacity, with more than 400 vessels, enabling the transport of over 18 million TEU annually. Customers will benefit from a significantly enhanced network across major trade routes.

As part of this agreement, the special state share (Golden Share) currently held by the State of Israel will be transferred to a newly established Israeli container line owned by FIMI Opportunity Funds (FIMI). This new container line will start with 16 modern, sizeable, and efficient vessels and assume full responsibility for ZIM's Golden Share and the ZIM brand.

The completion of this transaction is subject to approval from ZIM's shareholders and the relevant regulatory authorities, which is anticipated by late 2026.

The merger will solidify Hapag-Lloyd's position as the fifth-largest container shipping company worldwide, with a modern fleet of over 400 vessels and an annual transport volume exceeding 18 million TEU. This combination is expected to generate several hundred million USD in annual synergies and strengthen the network across all major global trades, consolidating leadership in key growth markets.

Rolf Habben Jansen, CEO of Hapag-Lloyd, stated, "ZIM is an excellent partner for Hapag-Lloyd. Customers will benefit from a significantly strengthened network in the Transpacific, Intra-Asia, Atlantic, Latin America, and East Mediterranean regions. We share common goals: exceptional customer service, outstanding operational quality, and a commitment to digital innovation—all driven by the expertise and dedication of our team worldwide. We aim to create a top-tier workforce by merging the talent from both ZIM and Hapag-Lloyd, ensuring a substantial and long-term presence in Israel."

Yair Seroussi, Chairman of ZIM's Board of Directors, commented, "Today's announcement concludes a thorough strategic review conducted by ZIM's Board of Directors, aimed at maximising shareholder value. This decision reflects a comprehensive evaluation of all available options to ensure the best possible outcome for the company's investors, representing the most beneficial transaction for all ZIM stakeholders and continuing our track record of value creation since our IPO."

Ishay Davidi, Founder and CEO of FIMI Funds, remarked, "FIMI recognises the strategic importance of a strong, independent Israeli shipping company for the State of Israel. We aim to create a stable new ZIM and consider Hapag-Lloyd a significant strategic partner for ongoing operations. The new ZIM will enhance its capabilities across the transatlantic routes, along with additional shipping routes to Europe, Africa, the Mediterranean Sea, and the Black Sea, while maintaining a customer-centric approach. FIMI is committed to leading the new ZIM toward stable operations and uncompromising quality, with a deep commitment to its employees, suppliers, and customers."

Until the transaction closes, both Hapag-Lloyd and ZIM will continue to operate as competitors, with limited collaboration under existing vessel-sharing and slot charter agreements. Approvals from regulatory authorities and ZIM shareholders are expected by late 2026.