Iran Government to Divest Assets Worth $4.5b

The government intends to sell property and shares in state companies worth 1,000 trillion rials ($4.5 billion) in fiscal March 2021-22, the economy minister said.
Speaking at a meeting with members of the Majlis Economic Commission on Monday, Farhad Dejpasand said the plan includes selling shares of state-run companies in the stock market plus direct divestment of government property to private buyers. 
“The Economy Ministry has issued notice for divesting state companies worth 270 trillion rials [$1.2b],” he was quoted as saying by the parliamentary news website ICANA. 
Reiterating that the government’s policy to downsize and privatize state companies, Dejpasand regretted the lack of “qualified buyers” as an obstacle to the divestitures.