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Iran's government struggles to sell its shares to private sector

Business Materials 3 January 2020 10:53 (UTC +04:00)

TEHRAN, Iran, Jan.3

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Iranian government's plan to assign shares of its public companies to the private sector hasn't gotten any buyers, said the country's Minister of Economic Affairs and Finance Farhad Dejpasand, Trend reports via ILNA.

"The government's share in Shiraz Refinery and Heavy Equipment Production Company (HEPCO) have been offered for sale, while shares of more public companies are planned to be offered by the end of current Iranian year (began March 21,2019)," he added.

"The assignments will not be limited to public companies, government's non-stock companies and assets are to be assigned as well," he said.

Iran's government is to privatize its share in six oil refining companies, three banks, two insurance and an investment companies, a holding, two steel companies, two automakers, an agriculture company.

The public companies include Lavan, Shiraz, Isfahan, Bandar Abbas, Tehran and Tabriz oil refining companies; Tejarat, Mellat and Saderat banks; Alborz insurance company and Amin Reinsurance Company; Persian Gulf Holding; National Iranian Copper Industry Co.; Mobarakeh Steel Company; SAIPA and Iran Khodro automaking companies, Pars Agro Industry Co and National Iranian Investment companies.

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