TEHRAN,Iran, June 15
Trend:
Iran plans to start offering shares of 15 subsidiary companies of the National Pension Fund at the Tehran stock exchange, said the deputy of investment and economic affairs in the National Pension Fund Hassan Tajik, Trend reports citing ISNA.
"In order to protect the property value of the National Pension Fund's related companies that were not productive or on the verge of bankruptcy, their shares are to be put on the exchange to have more profit for the fund," said Tajik.
"In this regard, shares of Pegah Gilan have been offered at the stock exchange and 15 other companies are expected to be put up on exchange in September," he said.
"There have been measures to activate certain projects and offer their shares at the stock exchange. One of the companies that is responsible for the projects is Masjed Soleiman Petrochemical company, and the project is Jam Petrochemical and Sepahan highway," he said.
Tajik went on to add that the National Pension Fund would implement some of its development plans in its subsidiary companies including Persian Gulf Saba Steel , Khuzestan Oxin Steel Company and Jam Petrochemical Company," he added.