The President of IPO said: 46 state companies will be ready for divestiture in the Stock Market.

Dr. Gholamreza Heidari Kord Zangeneh, The President of Iranian Privatization Organization and Vice Minister of Economic Affairs & Finance, said in an interview with Fars News Agency that Dana Insurance is the last insurance company in country to divest and will be introduced today. Also, the share price discovery of 5 to 10 percent or maximum 15 % is at hand.

The IPO President publicized that 32 more companies will be divesting in different groups of industry, agriculture, power plant and oil sectors. He added, the companies are ready to be divested and the set price is final.

Hence, these companies are ready to approve in Divesting Board, and another 14 companies consist of 8 power plants and production management is advertised for divesting in the newspapers and the rest of the companies are making ready to be offer in Stock Market.