Baku, Azerbaijan, Oct. 2
By Elnur Baghishov - Trend:
Shares of six Iranian processing plants will be put up for sale on the stock exchange, Iranian Minister of Economic Affairs and Finance Farhad Dejpasand told reporters after the meeting of the Cabinet of Ministers.
The shares will be sold during the next two weeks, Dejpasand added, Trend reports referring to IRNA.
The Iranian minister said that the shares of two more companies worth about 400 trillion rials (about $9.52 billion) will be put up for sale on the stock exchange in the near future.
He added that the rich companies will participate in trading.
In his words, the shares will also be sold to the companies with small revenues, which can participate in trading as well. The Iranian minister added interested individuals can also the shares.
Dejpasand noted that the government is closely observing the merger of bank branches.
The process of consolidation of state-owned branches will continue and will be evaluated by the end of this Iranian year (March 21, 2020), he said.