Privatization of Two Iranian Automakers in the Final Stage

Minister of Industries, Mining and Trade Reza Fatemi-Amin said the privatization of SAIPA and Iran Khodro (IKCO) are in the final stage. 
"The determination of the market value of SAIPA and IKCO is underway since the fiscal 2021-22, but as the properties and assets of these two companies are scattered throughout the country, the valuation process has been slow," Fatemi-Amin said on the sidelines of the Iran-Russia Trade Conference on the latest status of their transfer to the private sector.
According to SAIPA Automotive Group, 42% of SAIPA’s shares held by its subsidiaries are ready for sale.
As the initial pricing was done three months ago and in the last month of the previous fiscal year (Feb. 20-March 20, 2022), currently, 500 judiciary experts are appraising SAIPA's properties and 300 experts are valuing IKCO’s assets for privatization.