Investing.com: ZIM stock tumbles after Israeli officials oppose Hapag-Lloyd sale

Investing.com reports:
ZIM Integrated Shipping Services (NYSE:ZIM) shares fell 6.8% Monday after Israeli government officials expressed opposition to the company’s proposed sale to Hapag-Lloyd.
Prime Minister Benjamin Netanyahu said the proposed sale of the Israeli shipping company is “not on the agenda,” according to Ynet. Netanyahu made the comment in a cabinet meeting after Deputy Minister Almog Cohen warned the sale constitutes a strategic threat due to Qatari and Saudi stakes in …

The post Investing.com: ZIM stock tumbles after Israeli officials oppose Hapag-Lloyd sale appeared first on The Loadstar.

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