The Zim Barcelona
Israel Corporation subsidiary Zim Integrated Shipping Services Ltd., burdened by $3.5 billion of debt, is nearing completion of an arrangement with its creditors. After Israel Corp. postponed by two weeks a shareholders meeting that was due to have been held today to vote on an injection of cash, because of a lack of agreement between Zim and its bondholders, the Zim bondholders have come to an understanding with the company on an arrangement.
Source: Globes