Iran's Biggest Privatization Bid of the Year Set for July 31

Iranian Privatization Organization is scheduled to stage the biggest privatization bid of the current fiscal year (March 2018-19) on July 31, IPO's deputy head, Zohreh Alipour, said.
The organization will auction 100% of state shares in Moghan Agro-Industrial and Animal Husbandry Company, which amount to a total of 3.18 billion shares.
Alipour noted that each share will be priced at 5,534 rials with the total value reaching 17.6 trillion rials ($419.3 million), with the buyer having the option to pay the same in installments over nine years, ILNA reported.