Reported about 5 hours ago
Idan Ofer, Israel's wealthiest individual, is divesting his stake in Zim Integrated Shipping Services as Houthi rebel attacks in the Red Sea have disrupted global supply chains but significantly boosted the company's profits. His firm, Kenon Holdings, plans to sell about 30 million shares, valued at approximately $719 million, following a remarkable 260% rise in Zim's stock over the past year.
Source: YAHOO