Business And Innovation News

ZIM to be sold for $4.2B to German-Israeli partners, drawing domestic opposition

Israel's ZIM will be sold for about $4.2 billion to a German-Israeli partnership of Hapag-Lloyd and FIMI Opportunity Funds, with Hapag-Lloyd running international operations and FIMI Israeli assets. The deal, approved by ZIM’s board, aims to bypass the government’s golden share but faces pushback from workers, politicians and Haifa officials who warn it could threaten Israel’s economy and security.