Gov’t Will Divest Stake in 3 Companies

The remaining government shares in three companies will be offered on the stock market during the current Persian month to July 22, according to an official with the Iran Privatization Organization. 
Jafar Sobhani, an advisor to IPO, said the divestiture is part of a broader government plan to divest its shares in the remaining 18 companies, IBENA reported.  
Government shares in the companies amount are 15 trillion rials ($115 million). 
Accordingly, 17.34% of the shares in Alborz Insurance Company worth 1.1 trillion rials ($8 million) are set to be offered in the stock market on July 13.