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Haifa workers may buy share in their port

Haifa workers may buy share in their port

Port of Haifa workers have decided to set up a cooperative that may buy 15 percent of the Haifa Port Co. if it goes public in 2010 as planned, the Web site of Israeli business daily Globes reports.

   The port has about 950 employees.

   There are plans for both Haifa and Ashdod to issue 15 percent of their shares on the Tel Aviv Stock Exchange in 2010, followed by the sale of up to 49 percent of their stock in February 2011, Globes said.