Mærsk et al: so much silver lining you can barely see the clouds
Between April showers and spring sunshine
REUTERS reports:
Israeli shipping company Zim is considering an initial public offering on a foreign exchange, Israeli news website Globes reported on Monday.
A Zim spokesman said the company was not commenting.
Two options being examined are to hold the offering in London or New York, according to Globes, a financial news website, which did not cite its sources.
Zim, with a workforce of about 4,200 and which had turnover in 2019 of $3.3 billion, has hired three foreign banks to help with the IPO, which will value the shipping company at $750 million, Globes said.
Zim’s shareholders include Kenon Holdings Ltd (KEN.N) (KEN.TA), which owns 32%. A number of financial institutions and ship owners hold the remaining 68%.
To read the original Globes story, please click here: “Zim hires investment banks, mulls London IPO“.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Flexport's newly liveried aircraft ready as business looks up
Don't chase that final dollar, warning to shippers delaying signing new contracts
Comment on this article