Iran Gov't Takes Different Approach to Divestitures

The Iranian Privatization Organization has outlined plans to facilitate divestiture of government assets in the coming Persian calendar year that begins in March.  
Setting up an investment fund, which provides investment opportunity for large numbers of people with limited funds, is among the plans, IPO head Alireza Saleh said.
The exchange-traded fund is said to worth 200 trillion rials ($1.5 billion), which will seek to attract small funds from ordinary people. The fund is expected to attract more than five million people to the capital market, ISNA reported.