Enough for Danieli?

Zim CEO Rafi Danieli wants to leave his role after the company’s restructuring is complete, according to a source at shareholder Israel Corp.

Reuters cited the unnamed official as saying: "Zim CEO Rafi Danieli has expressed his desire to step down as CEO and Israel Corp would like him to become chairman of Zim, but we will no longer be deciding alone."

Idan Ofer-controlled Israel Corp will cease to be the majority owner of the container line once the $1.4bn debt for equity swap goes through, hence the reference to other parties being involved in the decision-making process.

Zim is not commenting.

Shareholders have approved the restructure, but the government has yet to okay a change in the terms of its “golden” blocking share, which would allow Zim to pursue alliances and an IPO.

The issue looks set to be decided by a district court judge in Haifa after the finance ministry refused to play ball.

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