Business And Markets

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
Privatization Plans Marred by Hurdles
Privatization Plans Marred by Hurdles

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. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment