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Creditors take control of sinking Zim

The Ofer family stands to lose control of sinking Israeli container carrier Zim as part of a debt agreement that is widely considered the most comprehensive debt restructuring ever for an Israeli company.

Photo: ZIM

Creditors are about to take over the reins at Israeli container carrier Zim as part of a comprehensive restructuring of the indebted company. According to several media reports the agreement means that Israel Corporation, a holding company for Ida Ofer, is set to lose control of Zim Integrated Shipping Services, the 18th largest container carrier in the world.

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