- ZIM Integrated Shipping shares gained 3.1% after a report that Israel's Economy Minister Nir Barkat supports the company's $4.2B sale to Hapag-Lloyd.
- Barkat's position marks a reversal from the economy ministry's prior stance on the sale.
- The transaction values ZIM at $4.2B and would combine the Israeli container line with Hapag-Lloyd.
Quotes
“Israel's Economy Minister Nir Barkat has been convinced, contrary to the ministry's prior position”