ZIM Board Updates on Strategic Review for Shareholder Value

ZIM Integrated Shipping Services Ltd. recently provided an important investor update regarding its ongoing ZIM strategic review. The company’s Board of Directors is intensely focused on maximizing significant value for all shareholders. This comprehensive review commenced after a preliminary, non-binding acquisition proposal was received from CEO Eli Glickman and President Rami Ungar.

Exploring Strategic Alternatives for ZIM

To facilitate this critical process, ZIM’s Board of Directors engaged Evercore as its financial advisor, alongside legal counsel from Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom LLP. This thorough review, which has been in progress for several months, meticulously considers various value creation alternatives. These include the potential sale of the company and evaluating capital allocation and return opportunities for its container shipping business.

Evaluating Multiple Interests and Future Prospects

The primary objective remains to enhance shareholder value through all possible avenues. In connection with this extensive review, the ZIM Board has received multiple indications of interest from various parties, including strategic interest, which are currently under careful evaluation. While the process is robust, ZIM emphasizes that there is no guarantee any specific transaction will occur as a direct result of these ongoing discussions.