Gov't to Sell Shares in Steel, Petrochem Giants 

Iran Privatization Organization will sell the government's shares in the Mobarakeh Steel Company (MSC) and the Persian Gulf Petrochemical Industries Company (PGPIC).
A notice seen on the IPO website said the block sale is to include 5.2% of shares in MSC and will be offered on March 13. It said 27,560 billion shares of the steel giant worth 387.76 trillion rials ($738.5 million) will be on sale and buyers can make 70% of the payment in 6-month installments over three years with 30% down payment.
MSC is the biggest steelmaker in Iran and the MENA region, accounting for about half the country's steel production. The state-owned company is located 65 km southwest of the city of Isfahan, near the city of Mobarakeh, Isfahan Province. 
Commissioned after the Islamic Revolution in 1979 and operating since 1993, MSC underwent a major revamp in 2000. It is one of the largest industrial conglomerates in Iran.