Idan Ofer to exit Zim as Houthi attacks buoy profits and share price
Ofer’s Kenon Holdings to sell 14.8m Zim shares for $360m; retain derivative exposure to 5m shares
The Houthi rebels wanted to inflict pain on Israel — but there were unintended consequences. The Red Sea crisis has boosted container shipping profits and equity values, providing Israeli billionaire Idan Ofer the opportunity to cash out of his Zim stake at a high point