24 State Owned Assets, Enterprises on Privatization List

The Iranian Privatization Organization is planning to put on sale 24 state-owned enterprises and assets valued at an aggregate 17 trillion rials ($404.7 million) on January 8, according to Jafar Sobhani, an advisor to the IPO head. The sale includes a 100% stake in Rasht Sefid Rood Livestock and Agricultural Company valued at 15.5 trillion rials ($369 million). Twenty percent of the sale will be in cash and the rest in installments over seven years. Iran Silkworm Rearing Company is next, with a 100% stake worth 2.35 trillion rials ($55.9 million) – 10% in cash and 90% in six-year installments. A 10% stake in Dehloran Petrochemical Company worth 30 billion rials ($714,285), a 16% stake in Golestan Province Civil Construction and Housing Company valued at 10 billion rials ($238,095), 14 gas stations in the provinces, four pieces of land and two stores will also be on offer. Sobhani recalled that the gas stations were put up for sale in the pas but did not have buyers.