Tender Issued For Zim Israel Navigaton

Thursday, May 24, 2001
Israel's Government Companies Authority issued a tender for the state's 48.6 percent stake in container shipping company Zim Israel Navigation Co. The government said it would retain a golden share in the shipping company, which is 48.9 percent owned by the holding company Israel Corp. The deadline for submitting bids is July 26. Yaron Jacobs, head of the Government Companies Authority, said he expects the process to take six to eight months. Zim operates a fleet of over 80 vessels. Speaking at a privatization seminar, Jacobs said Israel Corp is barred from participating in the tender, as are government-owned companies. But Israel Corp. holds the right of first refusal on the buyer. It also has the right to sell its stake in Zim together with the government shares. According to the method of privatization, an agreement must be reached with employees prior to the submission of price offers. - (Reuters)
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0943 sec (11 req/sec)