Idan Ofer cuts ZIM exposure

Kenon Holdings, controlled by major shipowner Idan Ofer, has sold 5m shares of Israeli carrier ZIM as well as entering into a collar to potentially sell a further 5m shares. Following the official 5m share sale for $110.6m, Kenon’s stake falls from 20.6% to 16.5%. The collar transaction has a two-year term with settlement either …

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