FIMI's Ishay Davidi criticizes Bank of Israel and backs Zim deal as a national security opportunity

According to Davidi, the new structure will solve Zim's current problems. He said the new company, Zim New, will be fully Israeli, free of foreign investors and debt, and designed to block hostile takeovers. He pointed to Zim's current $86 million quarterly loss and said the company has already gone through three debt restructurings, while the new company will start without any debt. He said the revised articles will preserve Israeli control and require state approval for any major change, removing fears about hostile actors. Davidi said the new Zim is expected to generate annual revenue of $650 million to $700 million and EBITDA of about $100 million, and that agreements with Hapag-Lloyd will keep the fleet 95% occupied for the next 10 years. He concluded that the state will approve the deal in the end.