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Block Sale of 4 State-Owned Firms on July 31

Jul 10, 2017, 7:33 AM
News ID: 17065

EghtesadOnline: 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, according to Financial Tribune.