Hapag-Lloyd and private equity fund FIMI are revising their $4.2 billion all-cash acquisition of ZIM Integrated Shipping Services after opposition from ZIM workers, Defence Minister Israel Katz and other Israeli officials over national-security concerns. Hapag-Lloyd CEO Rolf Habben Jansen said the revised proposal is intended to strengthen Israel’s maritime security and independence while preserving access to key shipping routes, including those from Asia. Under the revised structure, FIMI would own ZIM Israel, a dedicated company carved out with 16 vessels to maintain direct global maritime connections and assume responsibility for Israel’s golden share. Hapag-Lloyd has proposed reducing the threshold for a single foreign investor from 24% to 10% without government notification, while FIMI has committed not to list ZIM Israel shares on foreign stock exchanges. ZIM shares rose 6.70% in premarket trading Tuesday and were up 34.62% year to date at the latest check. The revised proposal is scheduled to be submitted to Israel’s cabinet later this month.