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Divestiture of Sharesof AlborzInsuranco Co and Asia insurance Co through Tehran Stock Exchange

2018/02/13 | 15:09 code : 8798 -
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Block trade of 17.34 percent shares of Alborz Insurance Company and block trade of 18.84 percent shares of Asia Insurance Company will take place on March 3rd 2018 through Tehran Stock Exchange (TSE).
Divestiture of Sharesof AlborzInsuranco Co and Asia insurance Co through Tehran Stock Exchange

Block trade of 17.34 percent shares of Alborz Insurance Company and block trade of 18.84 percent shares of Asia Insurance Company will take place on March 3rd 2018 through Tehran Stock Exchange (TSE).

Public relations liaison of Iran Privatization Organization (IPO) reported 17.34 percent of Alborz Insurance Co. accounting for 693,666,777 number of shares will be sold through Tehran Stock Exchange on the closing price of the stock on the prior trading day plus 20 percent, on the condition the price of each share is not less than 1275 Rials.

Also block trade of 18.84 percent shares of Asia Insurance Company, accounting for total number of 443,397,841 shares is to be sold through Tehran Stock Exchange (TSE) on the closing price of the stock on prior trading day plus 20 percent on the condition that price of each stock is not less than 1920 Rials.

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