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Zim is set to be sold in full to a consortium led by German shipping company Hapag-Lloyd and Israeli private equity firm FIMI. Zim's workers' union announced a 48-hour warning strike over the emerging deal, as reports said Israel is eyeing options to block it amid Hapag-Lloyd's ties to Qatar

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Zim Integrated Shipping Services, Israel's biggest shipping company, is expected to announce it has reached an agreement to be sold in full to a consortium led by German shipping company Hapag-Lloyd and Israeli private equity firm FIMI.