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No Buyers for Agro Bank’s Sugarcane Company

No Buyers for Agro Bank’s Sugarcane Company  No Buyers for Agro Bank’s Sugarcane Company

Bank Keshavarzi Iran, a state-owned lender to the agriculture sector, has 26 trillion rials ($200 million) in holdings that need to be sold, the bank’s deputy manager for legal and supervision affairs said. 
According to Mohammad Aria, the value of excess assets owned by the specialized bank is comparably lower than other lenders.

However, he pointed to an item among the bank’s properties that has apparently created a hassle for scrapping it, IBENA reported. 
Karun Agro Industrial Company is a giant sugarcane company in Shoushtar in southwest Iran that came under ownership of the agri-bank during the 1980-88 Iran-Iraq war.

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