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Troubled Israeli ocean carrier Zim says it has finalised the terms of its $3bn financial restructuring arrangements with its creditors “following a protracted and complex series of negotiations”.

It also announced that it has reached agreement for amendments in the terms of the “golden share” held by the state of Israel, which had hindered the deal’s progress and prevented the line from joining alliances.

Previously Zim told the media it was in an “advanced stages of negotiation” regarding the cancellation of the ...

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