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Iran planning to sell remaining state shares of Iran Khodro, SAIPA carmakers

Business Materials 30 May 2022 16:54 (UTC +04:00)

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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