Privatization Tally Reaches $30 Million

EghtesadOnline: Iranian Privatization Organization has brokered the sales of over 1.17 trillion rials ($30 million) worth of public companies’ shares since the start of the current fiscal year (March 21) to date, SENA cited IPO’s news portal as reporting.

News ID: ۷۴۳۷۳۴

11 September 2017

The organization has listed 337 public companies for their shares to be sold this year, out of which the ownership of 230 public entities will be fully transferred to private owners, the report added.

The remaining 107 public enterprises will see 80% of their shares transferred while 20% will remain in state control, according to Financial Tribune.