ZIM Faces New Proxy Battle Amid Strategic Review and Buyout Chatter

As ZIM’s future as a public company remains up in the air, the ocean carrier’s board of directors is attempting to stave off a new proxy fight. An investor group led by Mor Gemel & Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd., which controls over 5 percent of the container shipping company’s stock, has nominated three directors to the ZIM board. More from Sourcing Journal The investor group has not released disclosures or a public statement about the board battle, with ZIM revealing the proxy fi ...