TEHRAN, Iran, May 30. The Iranian government is
planning to sell its remaining shares in Iran Khodro (IKCO) and
SAIPA to the private sector in a block trade, said the Minister of
Industries, Mining and Trade Reza Fatemi-Amin, Trend reports citing Fars
News Agency.
"The government currently has a 5-percent share in Iran Khodro and
17 percent in SAIPA and the privatization of the two major
automakers is at the final stage," he said.
He pointed out that the market value of SAIPA and IKCO is being
evaluated but as the properties and assets of these two companies
are scattered throughout the country, the valuation process has
been slow.
As the initial pricing was done three months ago and in the last
month of the previous fiscal year (February 20 through March 20,
2022), currently, 500 judiciary experts are appraising SAIPA's
properties and 300 experts are valuing IKCO’s assets for
privatization.
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