On December 26, 2024, Kenon Holdings Ltd. announced the sale of its remaining 14.8 million shares in ZIM Integrated Shipping Services Ltd. This transaction generated net proceeds of approximately $300 million for Kenon.
Prior to this final sale, Kenon also received dividends of $47 million, net of tax, from its ZIM holdings. As a result of these transactions, Kenon no longer holds any direct shares in ZIM, marking the completion of its strategic divestment from the shipping company.
Since its inception, Kenon has realized approximately $2.1 billion, net of tax, from its investment in ZIM, including through share sales and dividend receipts. This divestment allows Kenon to fully concentrate its resources and strategic focus on its core power generation businesses.
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