Ansar Bank sold its investment subsidiary on Monday. Over 1.33 billion shares of Danayan Pars Investment Company were sold to Sadr Arain and Ab-Khak-Sakht investment company. Ansar and its various subsidiaries jointly held 98.8% of Danayan Pars’s shares, Bourse Press news website reported. “Ansar’s earnings per share will see a 10% boost from the sale,” chief executive Ayatollah Ebrahimi said in a statement. Ansar was asking 2,000 rials for each Danayan Pars share and got 2,040 for each share, bringing the deal’s total value to 2.72 trillion rials ($93.3 million at official exchange rate). The two buyers paid 19% of the deal’s value upfront. The rest will be paid in installments. Pars Gostar Khobreh brokerage handled the sale.
