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$2b Worth of Iran Gov’t Assets Slated for Privatization

Buyers have until March 11 to submit their offers to the organization.Buyers have until March 11 to submit their offers to the organization.
A majority of the shares are fresh and most of the companies have never been put up for sale before

The Iranian Privatization Organization is gearing up for its biggest privatization initiative so far this fiscal year (March 21, 2017-18) as over 90 trillion rials ($2 billion) worth of public assets are to be put up for sale on March 12, an advisor to IPO chief said.
“A majority of shares are fresh and most of the companies have never been put up for sale before,” Jafar Sobhani was also quoted as saying by IRNA.
Buyers have until March 11 to submit their offers to the organization.
The sales include a 100% stake in Moghan Agro, Industry & Livestock Company priced at about 22 trillion rials ($488.88 million), sold 10% in cash and the rest in eight-year installments.

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