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Iran companies to turn over $507 mln of stocks

Iran Materials 4 April 2012 19:01 (UTC +04:00)

Azerbaijan, Baku, April 4/ Trend M. Moezzi

Some stocks from 10 Iranian government-owned companies will be turned over to Bank Maskan as a payment of debts, the Iranian Students' News Agency (ISNA) reports.

The stock transfer hit more than $507 million.

The companies having debts to Bank Maskan include the Bid Boland gas refinery, Ilam gas refinery, Jahrom power station, and Kermanshah oil refinery

The Iranian Privatization Organization will oversee the payment of the debt.

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