Business And Markets

Residual Shares Nobody Wants

Residual Shares Nobody WantsResidual Shares Nobody Wants

The remaining shares of government in Shiraz Oil Refining Company and Alborz Insurance Company were offered in the stock market but had no buyers.
As per earlier announcements by Iran Privatization Organization, Shiraz Oil Refining Company offered the residue of government assets in a block of 1.27 million shares in the junior stock market, Iran Fara Bourse, on Monday.  
The block accounted for 20% of the total shares of the company worth 7.2 trillion rials ($56 million).


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