The Israeli shipping company ZIM confirmed that it had received a non-binding preliminary offer for the acquisition of the entire share capital of the company by Eli Glickman, CEO and President of ZIM, and by Israeli entrepreneur Rami Ungar. The presentation of the purchase proposal had already been made known in recent months Israeli media, as well as ZIM's intention to evaluate alternative proposals, and was confirmed yesterday by the same shipping company that communicated the decision by its Board of Directors to instruct the Evercore as financial advisor and Meitar Law firms Offices and Skadden, Arps, Slate, Meagher & Flom LLP as Counsel.

In yesterday's communication, the ZIM also confirmed that the evaluation of the offer submitted by Glickman and Ungar is in for months as well as that of potential alternatives and, with regard to the alternatives, specified that he had received from several parties expressions of interest, including from investors Strategic.

The State of Israel holds a golden share in the ZIM, confirmed at the time of the privatization of the company ( of 13 January 2004), on the basis of which the Board of Directors management of the company must be majority starting with the positions of president and director delegate.