Gov’t Keen on Selling Shares in Three Banks

The Iranian Privatization Organization is seeking to divest the remaining government shares in three banks, the IPO head said. 
“The government holds 8% stake in Bank Saderat Iran, 10% in Bank Mellat and 11% in Tejarat Bank,” Hossein Qorbanzadeh was quoted as saying by the shada.ir, the Economy Ministry’s news agency. 
“We are in talks to sell the shares in ways that [help] protect the government’s interests,” he said, noting that the remaining shares are “golden shares” of the government in the three lenders.