Total divestiture of Moghan Agro-Industry and Livestock Company to take place through auction on July 24th2018 by Iran Privatization Organization (IPO).
Public relations liaison of Iran Privatization Organization (IPO) reported total divestiture of Moghan Agro-Industry and Livestock Co., accounting for 3,182,307,000 number of shares, equivalent to 100 percent shares of the company will be auctioned on July 24th 2018 by Iran Privatization Organization.
The aforementioned number of shares will be auctioned by base value of 5,534 Rial per share and total base value of 17,610,886,938,000 Rialwith cash collateral required for auction participation of 528,326,608,140 Rial.
According to this report down payment is calculated at 1000 billion Rial and full payment is due to be made in 9-year installments.
A most prominent feature for this auction is grace period of 2 years before first installment payment.