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Kenon sells remaining ZIM stake

Kenon Holdings has sold its remaining 9.1 million shares in ZIM Integrated Shipping Services for $178 million. The company had previously reported that it was considering selling its stake in the shipping line. Kenon Holdings received a dividend of $47 million from ZIM before the sale. Kenon's share price has increased by nearly 5% on the Tel Aviv Stock Exchange. Over the years, Kenon has sold ZIM shares and received dividends totaling at least $2.1 billion. Jane Holdings, registered in Delaware, is the only other party with a stake in ZIM.

Original article source: https://en.globes.co.il/en/article-kenon-holdings-sells-remaining-zim-stake-1001497897
Source Id: 8474405312

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