ZIM stock: why politicians and workers oppose Hapag-Lloyd deal

The maritime world was rattled this Sunday following reports that the Zim Integrated Shipping Service (NYSE: ZIM) board has greenlit a monumental $4.2 billion takeover. The deal, spearheaded by German titan Hapag-Lloyd (ETR: HLAG) in a strategic partnership with Israel’s FIMI Opportunity Funds, values the shipping firm well above its recent $2.7 billion market cap. While the news initially sent ripples of excitement through the financial sector, the premium price tag has not been enough to drown out the growing chorus of dissent from local stakeholders. As ZIM stock prepares for a potential delisting from the NYSE, the transition from a national icon to a subsidiary of a global conglomerate has sparked a “fierce” debate over the price of sovereignty.…