ZIM to be Acquired by Hapag-Lloyd for $35.00 per Share in Cash at Aggregate Cash Consideration of Approximately $4.2 Billion; New Israeli Company, "New ZIM", to Acquire Portion of ZIM's Business

Core Viewpoint - Hapag-Lloyd is set to acquire ZIM Integrated Shipping Services Ltd. for $35.00 per share, totaling approximately $4.2 billion, representing significant premiums to ZIM's recent stock prices [1][2]. Strategic Benefits - The merger strengthens ZIM's global market position and secures Hapag-Lloyd's status as the fifth-largest container shipping company worldwide [1]. - The transaction will enhance service offerings through an expanded global network covering key trade routes including Transpacific, Intra Asia, Atlantic, Latin America, and East Mediterranean [1]. - "New ZIM," formed in partnership with FIMI Opportunity Funds, will operate with 16 vessels and focus on connecting Israel to major ports in the EU, US, Mediterranean Sea, and Black Sea [1][2]. - Hapag-Lloyd will provide commercial support to "New ZIM" and maintain a significant business presence in Israel, ensuring long-term employment for ZIM employees [1][2]. Financial Highlights - The acquisition price of $35.00 per share represents a 58% premium to ZIM's stock price on February 13, 2026, a 90% premium to ZIM's 90-day volume-weighted average price (WVAP), and a 126% premium to ZIM's unaffected stock price of $15.50 on August 8, 2025 [1]. - Since its IPO in January 2021, ZIM has returned approximately $10 billion to shareholders, including $5.7 billion in dividends [1]. Operational Improvements - ZIM has modernized its fleet, adding 46 new containerships and adopting LNG technology, which now accounts for about 40% of its operated capacity [1]. - The company has invested over $1 billion since 2021 in renewing its fleet and enhancing operational capabilities through digital solutions and AI tools [1]. Transaction Details - The transaction has been unanimously approved by ZIM's Board of Directors and is expected to close by late 2026, pending shareholder and regulatory approvals [2]. - Until the transaction closes, Hapag-Lloyd and ZIM will operate as independent companies [2].