2 State-Owned Firms to Be Privatized
Economy, Domestic Economy

2 State-Owned Firms to Be Privatized

The Iranian Privatization Organization is planning to put up the shares of two state-owned enterprises for sale on Tehran Stock Exchange and Iran Fara Bourse on December 4, IPO reported on its website. The first sale pertains to a 97.26% stake in Pars Soil and Water Engineering Services Development Company valued at 666 billion rials ($16.65 million). About 648 million shares will be offered with each share priced at 8,248 rials. Prospective buyers will have to pay 15% in cash and the rest in installments for six years. The second is for a 95% share in Iran Industrial Development Investment Company valued at 850 billion rials ($21.25 million). It includes 80.7 million shares each priced at 11,765 rials to be sold with 30% in cash and the rest in installments for four years.


Short URL : https://goo.gl/VWLE5Q
  1. https://goo.gl/v1FoVS
  • https://goo.gl/jEX82j
  • https://goo.gl/h6KU6o
  • https://goo.gl/22fZiM
  • https://goo.gl/U4G4fa

You can also read ...

Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Housing Uptrend Continues
Iran's housing and construction sector registered a fourth...
Renovation of Mehrabad Airport Terminals by March 2020
Renovation of terminals 1 and 2 of Tehran’s Mehrabad...
Instagram Testing Resharing Feature
After years of resistance, Instagram is now testing a way for...

Add new comment

Read our comment policy before posting your viewpoints