Tehran, Iran, July 17
Trend:
The shares of two Iranian automakers, Iran Khodro and SAIPA are held on bail that halts the process of privatization of government shares.
"The assignment date of government shares in 18 companies has been approved, it has been confirmed that companies with problems should first resolve their issues though. The situation with automakers is the same," Jafar Sobhani advisor to the head of Iran Privatization Organization (IPO) told Trend.
Sobhani also added that he doesn't know where the shares of the automakers are held on bail.
Mehdi Moghadasi, Member of Iranian Parliament's Industrial Commission, in an interview with Trend, said that "it is natural that a company sets its properties on bail for a bank loan".
"But I have no information concerning the details of this bail or which bank holds the shares of Iran Khodro and SAIPA. The Ministry of Industry, Mine and Trade is aware of the issue," he added.
The privatization committee has approved to assign government shares in 18 companies to the private sector , the government shares of Iran Khodro and SAIPA companies are the most important ones in the regulation.
The evaluated price for the shares of the mentioned 18 companies is $12 billion.