Azerbaijan, Baku, Mar. 18/ Trend F.Milad/
Iran's Setareh Qeshm Shipping Line divested 139 billion rials (some $11.3 million) worth of shares on the OTC market, Fars news agency reported.
The ceded shares equal 42 percent of the company's total shares, at 2,252 rials base price, the report added.
Over 7 billion shares of state-run companies, worth some 48 trillion rials (around $3.9 billion) were transferred to the private sector since the beginning of the current calendar year (March 21, 2011), IRNA news agency reported.
Some 118 trillion rials (around $10 billion) of the Iranian government's equities will be transferred to domestic banks on the stock market of through holding tenders, the deputy director of the Iranian Privatization Organization announced on March 6.
Abolqasem Shamsi Jamkhaneh told Fars news agency that the shares of state-run entities will be divested by the end of the first half of the next calendar year (September 22).
Iran has privatized up to 500 companies during the last six years.