New Markets
Monday, 7/6, 01:37 PM
ZIM Slides as Israel's Government Balks at Its $4.2 Billion Sale to Hapag-Lloyd
- Shares of ZIM, the Israeli container line, fell about 6.8% after Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz signaled opposition to its agreed sale to Germany's Hapag-Lloyd.
- The government holds a 'golden share' that lets it block the deal on national-security grounds.