Gov’t Divesting Shares in 18 Companies

Government shares, or whatever still remains,  in 18 companies will soon be offered on the stock market, an official with Iran Privatization Organization said on Wednesday. 
Jafar Sobhani, an advisor to IPO, said the divestiture includes six refineries and one petrochemical company, IRNA reported.
The move follows an earlier decision by the government’s Economic Commission earlier in the month, which stipulates that the remaining government-owned shares in the companies must be sold in its entirety to the private sector.