Israel will retain its golden share in Zim under the agreement to sell the shipping company to a German buyer, whose shares are partially held by Qatar and Saudi Arabia....
The deal will be structured so that the German shipping giant will buy the international operations of ZIM, while FIMI will acquire the Israeli operations, in which the state has a golden share.|�Read More�Front – Globes ....
German shipping giant to take global routes and chartered fleet while FIMI holds Israeli operations under the state’s golden share as company set to delist from NYSE| Read More ynet – Business....
Talks broke down today between the workers and the ZIM board over reported sale of the company to Hapag-Lloyd and private equity firm FIMI.|�Read More�Front – Globes ....
ZIMIntegrated Shipping Services will be sold in a deal worth more than $3.5 billion and delisted from Wall Street, marking the end of the company's operations as they have been known until now ... ZIM containers at the Port of Haifa.
The review comes amid heightened sensitivity over ZIM's strategic importance to Israel, particularly given reported ties involving Qatar and Saudi Arabia, which have drawn political attention in Jerusalem... A ZIM freighter ship ... Courtesy of ZIM.
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." ... A ZIM freighter ship ... Courtesy of ZIM.
Talks broke down today between the workers and the ZIM board over reported sale of the company to Hapag-Lloyd and private equity firm FIMI. The workers committee at ZIM Integrated Shipping Services Ltd ... Hapag-Lloyd, FIMI to acquire ZIM for over $3b.
By Galit Altstein (Bloomberg) — Hapag-Lloyd AG is in advanced talks to acquire Israeli competitor Zim Integrated Shipping Services Ltd, the German company said on Sunday ... Zim is ranked ninth with 2.4%.