Financial Times FT.com

Zim bail-out approved by narrow vote

By Robert Wright in London

Published: November 6 2009 02:44 | Last updated: November 6 2009 02:44

Shareholders in the owner of one of the world’s fastest-growing shipping lines came within a handful of votes of rejecting a bail-out plan for the company, it emerged on Thursday, when voting figures from a shareholder meeting were published.

Israel Corporation told the Tel Aviv stock exchange that, among the shareholders allowed to participate in a postponed shareholder meeting on Zim’s bail-out on Tuesday, 305,348 shares had voted for the rescue and 304,358 against.

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