Middle East

Zim reaches deal with Tel Aviv over golden share

Cairo: Zim and the state of Israel have reached an agreement regarding the terms of the golden share, allowing Zim to execute its restructuring agreement

Zim is preparing to complete the restructuring agreement according to the planned schedule, the containerline said in a release.  

Zim president and ceo Rafi Danieli: “The long-expected completion of the debt restructuring, following 18 months of negotiations with creditors around the world, who put their trust in the company, will enable Zim to embark on a new path, with a strong balance sheet and with a debt structure which is in line with the company's capabilities. We want to thank the creditors and the Israel Corporation for their trust and support.”  [15/07/14]


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