This update was disclosed in ZIM’s unaudited second-quarter 2026 financial results, released on 19 August 2026.
Key transaction milestones include:
• Hapag-Lloyd’s agreement—announced in February 2024—to acquire ZIM for USD 35 per share in cash;
• Unanimous approval by ZIM’s Board of Directors;
• Shareholder approval obtained at a special general meeting held on 30 April 2024.
Regulatory clearances remain outstanding, notably approval under Israel’s Special State Share (“Golden Share”) regime—a statutory requirement administered by the Israeli government. All other required antitrust and foreign investment reviews are progressing in accordance with established timelines.
ZIM and Hapag-Lloyd continue to operate as independent entities and remain bound by their obligations under the definitive merger agreement. Both parties are actively engaging with relevant authorities to secure timely approvals. Until closing, ZIM will continue to manage its operations in the ordinary course of business.
In light of the pending transaction, ZIM has determined not to host an earnings conference call for its Q2 2024 results—a decision aligned with standard market practice for companies undergoing material corporate transactions. Future dividend distributions will be subject to the discretion of ZIM’s Board of Directors, applicable Israeli law, and contractual restrictions stipulated in the merger agreement.
Resource.: https://mp.weixin.qq.com/s/XGj-lvm_kO7_7Mv1IkBsrQ
