Category: Zim
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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…
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Rani Zim sells Psagot stake for huge loss
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Yesterday, Rani Zim sold his entire 65.7% stake in Psagot, plus tradable options, to the company’s former CEO Yaniv Bender. Bandar will pay NIS 40 million in cash upon completion of the deal, and will then own 73% of Psagot, which became a shell company after selling its business. Bender…
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…