ZIM Integrated Shipping Services said its Board of Directors has reaffirmed that the merger agreement with Hapag-Lloyd remains binding following shareholder approval of the transaction on 30 April 2026.
The company said the board continues to support the proposed merger and confirmed that both parties are actively working with regulatory authorities to complete the transaction.
Regulatory approvals remain pending
According to ZIM, discussions are continuing with relevant authorities, including the Israel government, to satisfy remaining regulatory conditions required for closing the deal.
The update comes amid heightened attention around the proposed acquisition after reports of a competing Israeli-led takeover proposal emerged earlier this week.
Shareholders overwhelmingly backed the merger
ZIM shareholders approved the merger with Hapag-Lloyd during a shareholder meeting held on 30 April 2026, with more than 97% voting in favor of the transaction.
Under the agreement, Hapag-Lloyd and its partners would acquire all outstanding ZIM shares in a deal valued at approximately $4.2 billion.
Strategic debate continues
The transaction remains subject to Israeli government approval due to the state’s “golden share” mechanism, which allows authorities to block transactions considered contrary to national strategic interests.
The deal has sparked broader debate in Israel over:
- National control of maritime infrastructure
- Supply chain resilience
- The future of Israel’s merchant shipping capabilities
Despite speculation around rival bids, ZIM’s board reiterated its backing of the existing Hapag-Lloyd agreement.
