Haifa and Ashdod Port workers, Histadrut & Gov't to resume IPO talks

Early this year talks failed to reach an agreement on several outstanding issues, including ownership of land at Haifa Port and actuarial estimates
 
Details released last week by the General Federation of Labor in Israel indicate that representatives of the Ministry of Finance, Histadrut (General Federation of Labor) and ports' workers committee will shortly resume negotiations on expediting the initial public offering (IPOs- The first sale of stock by a private company to the public) of the two Israeli Med ports; Haifa Port Company Ltd. and Ashdod Port Company Ltd.
 
The IPOs of the two main Israeli ports companies were suspended early this year when the Ministry of Finance and the ports companies failed to reach an agreement on several outstanding issues, including ownership of land at Haifa Port and actuarial estimates.