Zim postpones stock offering
Zim Integrated Shipping Services has decided to postpone plans for a public stock offering.
A letter to the Tel-Aviv Stock Exchange posted on the Israel Corp. Web site reports that Zim plans to continue implementation of an “expansion and supplying plan,” and will raise $250 million through a rights offering by shareholders.
Israel Corp., which owns 98 percent of Zim, said terms of rights offering are to be determined by Zim in the coming days.
Zim postpones stock offering
