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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

New sanctions threats as Ukraine stalemate goes on

A day after an international deal in Geneva to defuse the East-West crisis in Ukraine, pro-Russian separatists vowed not to end their occupation of public buildings

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0795 sec (13 req/sec)