$98m of Public Sector Shares Privatized

The government sold 4.54 trillion rials ($98.27 million) worth of public companies’ shares to the private sector in the first 10 months of the current fiscal year (March 21-Jan. 20). About 3.95 trillion ($86.3 million) of the total figure were sold via tenders, while 102 billion rials ($2.28 million) were privatized on the capital market, Mehr News Agency reported. Iranian Privatization Organization has listed 337 public companies for their shares to be transferred this year, out of which the ownership of 230 public entities will be fully transferred to private owners. The remaining 107 public enterprises will see 80% of their shares transferred while 20% will remain in the hands of the state.