Business And Markets

Gov’t Rejigs Divestiture Scheme

Gov’t Rejigs Divestiture Scheme  Gov’t Rejigs Divestiture Scheme

The government is revisiting its large-scale divestment schemes that were initially to be implemented via exchange-traded funds. 
It had earlier said that it would sell stakes in four refineries via ETFs. However, ISNA quoted an official at the Iranian Privatization Organization as saying Sunday that only two refineries, namely Tehran Oil Refining Company and Esfahan Oil Refining Company will be put up for sale via the ETFs. 
The government reportedly wants to offer its shares in Tabriz Oil Refining Company and Bandar Abbas Oil Refining Company in blocks, according to Abolqasem Shamsi. 


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