Hapag-Lloyd Aktiengesellschaft (HPGLY) M&A Call Transcript

Core Viewpoint - Hapag-Lloyd has signed a merger agreement to acquire ZIM for $35 per share, totaling an equity consideration of $4.2 billion, which is seen as an attractive offer for ZIM shareholders with a significant premium over the previous closing price [2][3]. Group 1: Merger Details - The merger agreement involves Hapag-Lloyd acquiring 100% of ZIM's shares [3]. - The total equity consideration for the acquisition is $4.2 billion [3]. - The offer price of $35 per share represents a significant premium over ZIM's closing price prior to the announcement [3]. Group 2: Financial Arrangements - Hapag-Lloyd plans to utilize available liquidity to finance the acquisition, supplemented by a bridge facility [3]. - The company is partnering with FIMI Opportunity Funds, which will take on the Golden Share obligations in a separate entity [3]. Group 3: Strategic Rationale - The merger is aimed at securing Hapag-Lloyd's global position in the industry [3].