Israel Corp prepared to inject $150 mln into Zim unit

Holding company Israel Corp said on Thursday it would be prepared to inject $150 million if need be into its subsidiary Zim Integrated Shipping Services during 2009. "The company's willingness in principle is in light of the conditions in the shipping industry and international credit markets and their impact on Zim," Israel Corp said in a statement to the Tel Aviv Stock Exchange. If Israel Corp decides to provide the funds to Zim in the future the details will be released at the time, the company added.
Israel Corp owns 99 percent of Zim, Israel's largest container shipping firm.