Block Sale of 4 State-Owned Firms on July 31

The Iranian Privatization Organization is planning to put the shares of four state-owned enterprises on sale at Tehran Stock Exchange and Iran Fara Bourse on July 31, IPO reported on its website. The sales include a 100% stake of Damghan Agriculture Industry and Animal Husbandry valued at 2.5 trillion rials ($66.6 million), 100% stake of Agricultural Support Services Company valued at 7.3 trillion rials ($194.6 million), 67% stake of Kurdestan Province Protein Products Processing Company valued at 100 billion rials ($2.66 million) and a 31% stake of Dezful Sugar Company valued at 100 billion rials ($2.66 million). IPO’s latest tender held earlier this month for another four companies failed to attract any buyer.