FIMI CEO Ishay Davidi confirmed the acquisition of ZIM Integrated Shipping Services by Hapag-Lloyd and FIMI. The deal establishes a debt-free shipping company under Israeli control.
Board and shareholder approvals are complete. The transaction now awaits final clearance from the Israeli government via its golden share.
The new entity will operate without debt from day one. Davidi expects immediate profitability and has included safeguards against hostile takeovers.
The restructured company projects annual revenues between $650 million and $700 million. Annual EBITDA is estimated at approximately $100 million.
Long-term agreements with Hapag-Lloyd target 95% fleet utilization. This arrangement covers the next decade of operations.