Gov’t Offers Residue Stake in 1 Refinery, 2 Insurance Firms

The government plans to offer its shares in Tabriz Oil Refining Company and two insurance firms, namely Alborz Insurance Company and Amin Reinsurance Company in the near future. 
According to separate notices published on the Iranian Privatization Organization website, the shares include 20% of the government stake in the refinery, 17.34% in Alborz Insurance and 11.44% in Amin Re. 
Those interested are required to buy a whole block of 776.84 million shares of TORC worth 31.62 trillion rial ($238 million). Half the price should be paid in cash and the remaining in installments over two years.