State to Oppose Sale of Zim to Fimi and German Hapag-Lloyd in September

The state is expected to oppose the sale of Zim to Hapag-Lloyd and Fimi. A decisive meeting was postponed to September 9, and the Shipping and Ports Authority reiterated its opposition, claiming the deal harms control and independence. The buyers argue the authority's opposition is based on erroneous assumptions.

The state is expected to oppose the sale of shipping company Zim to German Hapag-Lloyd and the Fimi fund. A meeting of the eight government bodies that are supposed to give their opinion on the deal was postponed by a month and will take place on September 9, where a majority against approving the deal is emerging. The head of the Shipping and Ports Authority, Zadok Radkar, sent a second opinion reiterating his opposition, claiming the deal harms effective control and the independence of Zim Israel. The buyers, who signed in February to acquire Zim for $4.2 billion, presented commitments to establish a new Israeli zone with 200 jobs and a technology center, but the authority claims the additional information does not change the picture. The buyers are furious and claim they were not given a real opportunity to present their position, and suspect factors trying to torpedo the deal. The official decision is expected next month.