Israeli economy minister shifts position on $4.2 billion Hapag-Lloyd–ZIM deal

AI Summary

Israel’s Economy Minister Nir Barkat has reportedly softened his opposition to Hapag-Lloyd and FIMI’s proposed $4.2 billion acquisition of ZIM after changes to the transaction and talks with FIMI. He has asked ministry staff to meet again with the parties, raising the prospect that the deal could be approved.

Israel’s Economy Minister Nir Barkat has reportedly reconsidered his opposition to Hapag-Lloyd and FIMI’s proposed $4.2 billion acquisition of ZIM, following changes to the transaction and discussions with FIMI. According to Calcalist, Barkat now believes the deal could be approved and has instructed the Economy Ministry’s professional staff to hold another meeting with representatives of […] The post Israeli economy minister shifts position on $4.2 billion Hapag-Lloyd–ZIM deal appeared first on Container News.