Independent journal on economy and transport policy
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Israel Corporation refutes that Zim is able to not to reimburse the debit in confronts of the bondholders
On 30 April it will be introduced a business plan and a regarding plan the structure of the capital of the company
April 11, 2013
The Israel Corporation group has refuted that the shipowning society Zim is able to not to reimburse the debit in confronts of the bondholders, as assumed yesterday from the average Israeli. Israel Corporation, that he stops 99.7% of the capital stock of the Zim, has specified that the shipowning company is engaged with banks guaranteed to introduce within next 30 April a quinquennial business plan and a regarding plan the structure of the capital of the Zim with the objective to reach a stability in the long term.
Israel Corporation has explained that the presentation and argument of the plans with banks in some circumstances can be interpreted as an action of the Zim that, dates the circumstances, in itself same gives title to immediate reimbursement of its obligations. Therefore - the Israeli group has announced - Zim intends to convene reunions with the bondholders in the next few days asking one abnegates such title.
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