Economy Minister Reopens Review of ZIM Shipping Deal
Israeli Economy Minister Nir Barkat has ordered his ministry's professional departments to re-examine a potential deal to sell the ZIM shipping company to Germany's Hapag-Lloyd and Israel's FIMI fund. The directive came after Barkat met with Ishay Davidi, founder and head of FIMI.
Barkat also instructed that a follow-up meeting be held with representatives of the potential buyers. Previously, the Economy Ministry's specialists had opposed the deal, citing potential risks to Israel's maritime transport and strategic economic interests.
No final decision has yet been made regarding the sale.
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