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Home News Israel

Netanyahu, Katz oppose ZIM sale

Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz responded to Deputy Minister Almog Cohen's question on the matter, saying the government would use its golden share in the shipping company to thwart the sale. Netanyahu: "It is not on the agenda at all."

by  Shirit Avitan Cohen
Published on  07-05-2026 15:10
Last modified: 07-05-2026 16:32
Israel weighs blocking ZIM deal after surprise sale

A ZIM freighter ship. Photo: Michel Dot Com

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Was the ZIM deal blocked? During Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIM with the government and told Prime Minister Benjamin Netanyahu, "I am warning here at the government meeting about the strategic danger inherent in the sale of ZIM to a fund under Qatari-Saudi control. It would be a disaster to hand them the key to Israel's maritime gateway."

Netanyahu objected, saying, "It is not on the agenda at all." Defense Minister Israel Katz made clear that the Defense Ministry and the defense establishment also opposed a deal that would ultimately transfer partial control to Saudi and Qatari hands, adding, "It is not on the agenda. We have a golden share (in the company), and if necessary, we will exercise the authority granted to us by law."

A ZIM vessel sails in Haifa Bay. Photo: Michel Dot Com

The $3.5 billion sale of Israeli shipping giant ZIM Integrated Shipping Services to Germany's Hapag-Lloyd and the FIMI private equity fund has sent shockwaves through the maritime and capital markets. Senior figures in Israel's financial sector warn that unless additional details emerge before the agreement is finalized, the transaction effectively values ZIM at a figure they describe as "close to zero."

Tags: ZIM

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