Israel's Defense Ministry says Minister Israel Katz adopted the security establishment's position that the proposed sale of the national shipping company Zim would not safeguard Israeli security interests.
Defense Minister Israel Katz has adopted the position of the security establishment (מלמ״ב and professional bodies in the ministry) that the proposed sale of Zim Integrated Shipping Services in its current form would not preserve Israel's security interests, the Defense Ministry said Sunday evening. Zim, a state-linked shipping giant, is considered a strategic national asset. The decision effectively blocks the sale as structured. No details on the specific security concerns or the proposed buyer were released.
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