TRANSPORT & INFRASTRUCTURE
Israel Railways opens eastern line
The initial section includes three new stations over 42 kilometers from Hadera East via Shomron-Tayyiba and Kokhav Yair-Tira to the existing Rosh Ha’ayin station.
ZIM appoints Chen Lichtenstein CEO
The appointment comes against the background of the $4.2 billion sale of ZIM to Hapag-Lloyd and FIMI Opportunity Funds. Lichtenstein will replace Eli Glickman on July 1.
Sakal makes shock bid to buy ZIM
Even though the shareholders have already agreed the sale to Hapag-Lloyd and FIMI, the unexpected higher bid has pushed up the Israeli shipping company’s share price.
Hapag-Lloyd, FIMI to acquire ZIM for over $3b
The deal will be structured so that the German shipping giant will buy the international operations of ZIM, while FIMI will acquire the Israeli operations, in which the state has a golden share.