Divestiture of 96 percent shares of Industrial Renovation Company of Iran will take place on 22nd January 2018 through auction sale.
According to public relations liaison of Iran Privatization Organization a total of 96.038 percent of Industrial Renovation Company of Iran, equivalent to 87,999,602 number of shares will go through auction sale in the form of 10 percent cash sale and 90 percent in instalments during a 5-year period.
According to this report, the aforementioned number of shares will be divested by IPO on behalf of Bam Food Industry Development Company and valued at 2,921 Rials per share and total base value of 201,615,505,430 Rials.