Subscribe to RSS feedShareholders back rescue plan for sinking Zim
by
Janet Porter - Lloyd's List
—
last modified
Nov 04, 2009 11:49 AM
Israel Corp shareholders approved a restructuring plan for container line Zim late yesterday after the Israel Securities Authority finally resolved legal issues which had delayed an earlier ballot.
A shareholders’ meeting scheduled for Sunday was postponed because of a challenge over who was entitled to vote on the urgently needed rescue package that included a cash injection for Zim from its parent company as well as bank covenant...
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