Recently, Israeli media reported that both Hapag-Lloyd and Mediterranean Shipping have submitted bids to acquire Zim, and Maers is also interested in the acquisition.
However, the situation took a dramatic turn recently. According to a report by Lloyd’s List, a spokesperson for Mediterranean Shipping denied any to acquire Zim, saying: “We deny the intention to acquire Zim.”
Mediterranean Shipping insists that it has never engaged in any negotiations regarding the deal refuting reports that it has submitted a formal offer to acquire the company.
On November 25th, the Zim board confirmed that Zim's CEO, Glickman, and Israeli shipowner Rami Ungar had previously submitted a non-binding offer to acquire the company. The board stated that it has rejected the proposal and a strategic review, appointing Evercore as its financial advisor. The board said that, as part of the review, it has received "expressions of interest from multiple parties, strategic intentions."
The news of Mediterranean Shipping confirming that it is not a potential buyer follows the settlement reached between Zim and an opposing shareholder group, bringing an end the turmoil over the boardroom vote【Zim's boardroom battle ends with a new 10-person lineup!】.
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