IMIDRO Lineups for IPO

The Iranian Mines and Mining Industries Development and Renovation Organization, will be listed on the Tehran Stock Exchange by the end of the month, head of the Iranian Privatization Organization said. 
Speaking on state radio, Alireza Saleh said, the organization has received approval from the Industry Ministry and is waiting for the final okay from the Cabinet for the initial public offering. 
A major state-owned holding company active in the mining sector, IMIDRO has eight major companies and 55  subsidiaries involved in the steel, aluminum, copper, cement and mineral sectors, IRNA reported. 
Listing of giant public and government holdings is rapidly gaining momentum in line with the government’s declared privatization policy and its concerted efforts to downsize and reduce its economic footprint.