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

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

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