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Economy, Business And Markets

Privatization of 12 Public Firms on April 17

Iranian Privatization Organization plans to transfer the shares of 12 public companies to the private sector on April 17, the organization’s website announced. The sales include a 100% stake in Moghan Agro, Industry & Livestock Company, 40% stake in Pars Agricultural Inc., 100% of Sefidrood Agricultural & Livestock Company, 20% in Sugarcane & Byproducts Development Company, 100% in Esfarayen Industrial Complex, 100% in Luleh Gostar Esfarayen Company, 100% in Iran Silkworm Rearing Company, 100% in Khouzestan Oil Refinery Company, 100% in Zarand Power Plant, 40% in Zarand Power Plant Management Company and 30% in Shargh Housing and Development Company, IRNA reported. Some of the shares offered are underperformers that failed to find any buyers last year.