Potential Buyers of Zim Offer State Veto on Shipping Line Closures

Potential buyers of the Israeli shipping company Zim are reportedly prepared to offer the Israeli government a veto power over any decision to close the company's shipping lines. This proposal comes amid ongoing negotiations for the sale of the state's remaining shares in Zim. However, a government official expressed skepticism, stating that there is virtually no chance of such a proposal being approved.

The government is looking to sell its remaining stake in Zim, a move that has attracted interest from several potential buyers. The details of the sale and the future of the company's operations are central to the ongoing discussions. The offer of a veto power on line closures appears to be a strategic move by the potential buyers to secure certain operational aspects of the company, possibly to ensure stability or market presence.

The government's stance, as conveyed by the official, suggests a potential conflict between the buyers' demands and the government's objectives or regulatory framework. The phrase "virtually no chance of approval" indicates a significant hurdle for the buyers' proposal, implying that the government may not be willing to cede such control or that the proposal might violate existing regulations or policies.