Hapag-Lloyd (HLAGF) (HLGAF) announced that following approval by the relevant bodies of both parties, the company signed an agreement to acquire 100% of the outstanding shares of ZIM Integrated (ZIM). The consideration is to be $35.00 per ZIM share in cash, with the total consideration amounting to approximately $4.2B. The transaction will be financed from Hapag-Lloyd’s cash reserves and external financing of up to $2.5B. The transaction is currently expected to be completed by the end of 2026.
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