THE RACE HEATS UP: MSC, the world’s second-largest shipping company, has submitted an acquisition offer for ZIM.

• Swiss-based MSC (Aponte family-owned) has formally approached ZIM’s board

• Competes directly with Hapag-Lloyd, which has also submitted a bid

• Hapag-Lloyd shareholders include Qatar (12.3%) and Saudi Arabia (10.2%)

• Political risk rising: Israel’s transport ministry may intervene via golden share

• Labor union warns of national security & supply chain risks

• $ZIM stock fell −5.5% in NY amid fears of state intervention

• Sale process led by Evercore; additional bids still possible

$ZIM (+8,62 %)