Category: Kenon
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Kenon sells remaining ZIM stake
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Idan Ofer’s Kenon Holdings sold 9.1 million shares in the shipping line for $178 million. A month after Kenon Holdings (TASE: KEN, NYSE: KEN), controlled by Idan Ofer, announced that it was considering selling its remaining stake in ZIM Integrated Shipping Services (NYSE: ZIM), it reported today that the ownership…
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Kenon set to dispose of more ZIM shares
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The share price of Israeli shipping line ZIM Integrated Shipping Services (NYSE: ZIM) has risen 260% in the past year, allowing holding company Kenon Holdings (TASE: KEN, NYSE: KEN) to continue reducing its stake in the company. At the end of last week, Kenon, ZIM’s largest shareholder, announced its intention…