Zim says it won't be able to pay off its 1.3 billion-shekel debt
By JPOST.COM STAFFPublished: 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.
Ex-Wagner commander arrested in Norway for attempting return to Russia