Zim says it won't be able to pay off its 1.3 billion-shekel debt

By JPOST.COM STAFF
September 10, 2009 10:20

The Zim shipping company announced Wednesday morning that it would not be able to pay off its 1.3 billion-shekel debt on time to its bond holders. In a report sent to the Tel Aviv Stock Exchange, Zim added that there would be a shareholders meeting next month in order to try and reach an agreement on pushing off or reducing the debt payments.


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