Hapag-Lloyd sees up to US$500 million in synergies from ZIM deal

Hapag-Lloyd expects its proposed acquisition of ZIM to generate annual synergies of between US$300 million and US$500 million , according to CEO Rolf Habben Jansen. The German carrier also said discussions with authorities over the transaction have become significantly more intensive as it works to secure the necessary regulatory approvals. Hapag-Lloyd faces mounting Israeli opposition to $4. 2 billion ZIM deal Regulatory talks enter direct dialogue Hapag-Lloyd entered into a binding merger agreement with ZIM in February, and the transaction has already received shareholder approval. “We are working with the relevant regulatory bodies to obtain the necessary approvals.