ZIM Integrated Shipping Services (ZIM) has approved a takeover but the deal could be put on hold after a new investor proposed a richer offer, Freight Waves reports

Earlier this year agreed to be acquired for USD 4.2bln. Now, an all-cash bid of USD 4.5bln has been made by businessman Haim Sakal and Israeli investors. It is not clear whether Zim can legally switch to the rival proposal, though the Sakal group aims to force a review or extension‑related renegotiation.