ZIM Integrated Shipping Services said its pending acquisition by Hapag-Lloyd is targeted to close in the fourth quarter of 2026, as the companies continue to seek the required regulatory approvals.
The update was included in ZIM’s second-quarter results released on 19 August.
The transaction remains subject to customary closing conditions, including approvals from several regulatory authorities.
Israeli Golden Share approval remains pending
Hapag-Lloyd agreed in February to acquire ZIM for $35 per share in cash.
ZIM’s Board of Directors unanimously approved the transaction, while shareholders backed the deal at a special meeting on 30 April 2026.
However, regulatory approvals are still required.
These include approval from the State of Israel under the requirements of its Special State Share, or “Golden Share.”
ZIM said the transaction remains targeted for completion during Q4 2026.
Hapag-Lloyd and ZIM remain independent
ZIM said the parties continue to perform their obligations under the merger agreement and engage with the relevant authorities to obtain the necessary approvals.
Until the acquisition closes, Hapag-Lloyd and ZIM will remain separate and independent companies, with ZIM continuing to operate in the ordinary course of business.
The pending transaction is also affecting ZIM’s usual financial reporting arrangements.
The carrier said it will not hold a conference call for its second-quarter results because of the pending acquisition.
ZIM also noted that future dividend decisions remain subject to its board’s discretion, Israeli law and restrictions contained in the merger agreement with Hapag-Lloyd.
