fromwww.dw.com
2 days agoWhy a German shipping deal alarms Israel's government
Germany's HapagLloyd, the world's fifth-largest container shipping line, has signed a deal to acquire its Israeli rival Zim Integrated Shipping Services for $4.2 billion (3.5 billion). The merger agreement was signed on Monday, following advanced talks. It was unanimously approved by Zim's Board of Directors but needs the formal sign-off from Israel's government, which holds special rights embedded in Zim's founding charter.
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