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Iran's Biggest Privatization Bid of the Year Set for July 31

Iranian Privatization Organization will auction 100% of state shares in Moghan Agro-Industrial and Animal Husbandry Company amounting to a total of 3.18 billion shares
Biggest Privatization Bid of the Year Set for July 31Biggest Privatization Bid of the Year Set for July 31
What makes this auction attractive for all buyers is the two-year grace period for clearing the first installment

Iranian Privatization Organization is scheduled to stage the biggest privatization bid of the current fiscal year (March 2018-19) on July 31, IPO's deputy head, Zohreh Alipour, said.
The organization will auction 100% of state shares in Moghan Agro-Industrial and Animal Husbandry Company, which amount to a total of 3.18 billion shares.
Alipour noted that each share will be priced at 5,534 rials with the total value reaching 17.6 trillion rials ($419.3 million), with the buyer having the option to pay the same in installments over nine years, ILNA reported.

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