• Civil Servants Pension Fund Planning to Downsize

    The Civil Servants Pension Fund is planning to cede either portions of its shares or total ownership in 99 of its subsidiaries, most of which are underperforming and bleeding cash.
    “In line with the government’s policies to give up business ownership and moving toward shareholding, a number of the fund’s subsidiary companies will soon be sold at Tehran Stock Exchange and Iran Fara Bourse,” said CSPF’s Director Jamshid Taqizadeh on Thursday.
    According to the official, 67 of the companies that are making losses will be prioritized for giving up their total ownership, CSPF reported on its website. 

Economy

Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.

Pages

Trending

Googleplus