Israel is poised to reject the $4.2 billion acquisition of ZIM Integrated Shipping Services by Hapag-Lloyd and FIMI.
The ministries of defense, economy, and transportation recommend blocking the deal. Officials cite national security risks and the potential compromise of maritime interests during emergencies.
The government intends to exercise its golden share to veto the transaction. This mechanism protects the domestic supply chain from foreign-controlled entities.
The proposed structure would spin off a smaller local unit called New ZIM. Critics argue this leaves the nation too dependent on Germany-based Hapag-Lloyd.
A key meeting to discuss the deal's future is scheduled for September 9.