240 millionKhaleej-E Fars International Transportation Company shares to be divested through Tehran Stock Exchange (TSE)
A total number of 240 million shares of Khaleej-E Fars International Transportation Company is to be divested through Tehran Stock Exchange(TSE).
Public Relations liaison of Iran Privatization Organization (IPO) announced a total number of 240,705,172 accounting for 68.97 percent of total shares of Khaleej-E Fars International Transportation Company will be divested through TSE by Iran Privatization Organization on behalf of Ehya Gostar Hormoz Company.
According to public relations report the aforementioned number of stocks will be divested with the base value of 4701 Rials per share under a 20 percent cash and 75 percent instalmentssale. The buyer is obliged to transfer the 20 percent cash payment to IPO’s account in 9 working days and instalments are to be paid semi-annually during 4 years.