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Privatization Tally Tops $24m Since March 21

Privatization Tally Tops $24m Since March 21Privatization Tally Tops $24m Since March 21

Iran Privatization Organization has sold 1.02 trillion rials ($24.4 million) worth of state-owned assets via tenders so far this fiscal year (started March 21).
About 285 billion rials ($6.7 million) worth of shares of public companies were fully transferred to the private sector. The remaining 739 billion rials ($17.5 million) worth of public enterprises saw 80% of their shares transferred while 20% remained with the state, ILNA reported.
Data available on IPO’s website indicate that 631 companies are to be privatized by the end of the current fiscal year.
 

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