Zim has officially celebrated the most successful year in its history

Facing the sunset of the Mediterranean, senior Israeli officials, heads of banks and financial institutions from Israel and abroad and ZIM employees gathered to celebrate the company’s successful IPO on the New York Stock Exchange at the beginning of the year. The event took place at Zim’s large shareholder, Idan Ofer, in Arsuf. Idan and his wife, Batya, hosted Zim CEO Eli Glickman and senior executives of the company and the Israeli economy for a dinner and a big celebration. “Idan was the only person who believed in Zim all along, supported it and prevented the company from falling,” Glickman said at the event. “He did not give up even when many others raised their hands. He inspired me.”

The shipping company Zim, which was only on the verge of collapse a few years ago, completed an IPO on the New York Stock Exchange at a value of $ 1.5 billion in January. Since then, Zim’s share has soared more than 200% and recorded a net profit of $ 590 million in the first quarter of 2021. Idan Ofer’s Canon Holdings Group has the main holdings in the company (28%). The company’s historic IPO followed an unprecedented jump in the company’s results, which underwent a dramatic upheaval under Glickman’s management.

Celebrating the successful year (Photo: Sivan Farage)

The event was attended by the top business world in Israel and around the world and senior members of Zim, including the company’s chairman Yair Seroussi, outgoing Mossad chairman Yossi Cohen, Bank Hapoalim chairman Reuven Krupik, Bank Hapoalim CEO Dov Kotler, Leumi Bank chairman Sam Haj Yahya, CEO Bank Leumi Hanan Friedman, owners of the insurance company Harel Yair and Ilana Hamburger, Gideon and Hannah Hamburger, Udi Angel, former Zim chairman Aharon Fogel, Alfred Akirov, Amikam Cohen, attorney David Hodak, attorney Danny Geva, Rakefet and Ram Rusk- Aminah, Michael Borsch, a senior citizen of Citi Bank, Jonathan Penkin, CEO of Goldman Sachs Israel, Aviad Kaufman, Yoav Duplet, Yair Caspi, Nitzan and Gad Somekh, and other senior officials from Citi Bank, Goldman Sachs, and Barclays Ron Proshour, former Israeli Ambassador to the UN CEOs of the leading insurance companies in the country.

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Idan Ofer, Eli Glickman and Yossi Cohen (Photo: Sivan Farage)Idan Ofer, Eli Glickman and Yossi Cohen (Photo: Sivan Farage)

Idan Ofer said at the event that a few years ago, when Zim was in losses and needed financial oxygen, he was offered to buy the company as part of a slightly amusing deal: “One of the interested parties offered to buy Zim if I paid him $ 150 million. He told me: ‘I will help you get rid of the company ‘”. Ofer, who also owns 33% of the shares of Spanish football champions Atletico Madrid, was asked what the difference is between Zim and Atletico Madrid. “It makes no difference – Eli Glickman is Zim’s manager as Diego Simeone is Atletico’s manager,” joked Ofer.

Glickman announced that one of the new green ships purchased by Zim would be named “Zim – Sami Ofer”, after the late businessman and father of Idan, who was a major shareholder in the company.


Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.

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