Iran Fara Bourse Sells Gov’t Stake in Shiraz Oil Refinery

The Iranian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf of the National Iranian Oil Refining and Distribution Company. 
The block, which represented 20% of the government’s remaining stake in the refinery, was offered and bought Monday, IBENA reported.  
It comprised more than 205 million shares priced at 63,453 rials (about 50 cents) apiece.