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You are here: Home → Archive → 2009 → November → Weekly Edition 12th November 2009 → Zim rescued after knife-edge vote

Zim rescued after knife-edge vote

by Janet Porter, London — last modified Nov 13, 2009 09:22 AM

ZIM has been hauled back from the brink by a US$550m bailout after a day of high drama.

The fate of the container line was left in the hands of a small group of Israel Corp shareholders who demanded some last-minute concessions before backing the rescue package.
Israel Corp, with a 99% stake in Zim, agreed to...

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