Zim bidder faces foreclosure despite US$4.5 billion takeover offer

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Businessman Haim Sakal, who submitted a $4.5 billion bid to acquire shipping company Zim, is facing foreclosure proceedings over a property in Herzliya Pituach. The takeover bid complicates Zim’s planned merger with Hapag-Lloyd.

Businessman Haim Sakal, who recently submitted a US$4.5 billion bid to acquire Zim, is facing foreclosure proceedings over a property in Herzliya Pituach, according to Israeli business newspaper Calcalist. Rival takeover bid disrupts ZIM’s planned merger with Hapag-Lloyd The Haifa District Court appointed a receiver after financing company Extra Credit sought to recover a debt […] The post Zim bidder faces foreclosure despite US$4.5 billion takeover offer appeared first on Container News.