News / Zim restructure at risk as CEO wants out and Israel stands firm over 'golden share'

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The chief executive of ocean carrier Zim is reported to want to step down once the company’s $3bn debt mountain restructuring plan is complete – but the Israeli government’s refusal to cancel or amend its ‘golden share’ in the troubled company – a “crucial” part of the agreement with its creditors – could mean that is still some way off.

Although a charismatic and positive individual, months of stressful negotiations to find a life raft for the sickly carrier appear to ...