After publishing the names of 20 state-owned companies for divestment, the Iranian Privatization Organization concurred that these companies face countless challenges in the divestment process.
The IPO has listed 189 government-controlled companies, including 23 listed in the stock market and 168 non-listed, Tasnim News Agency reported, citing IPO data.
Divesting most non-listed firms is irrelevant simply because of their weak finances and legal/judicial barriers, the IPO said.
August 30, 2022 23:35
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Privatization Plans Marred by Hurdles
According to the IPO, barely 20 companies can be assessed and priced and they too are not immune from challenges
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