IPO deputy announced the divesting of power plants by resorting to the tender and through OTC

Mr. Mehdi Aghdaee said in an interview with Fars News Agency: with advertising divesting 100% of Binalood Electricity production, the divesting of 20 power plants begins through OTC and outside stock market.

He added, on this groundwork, the first power plant is ready to be divested through OTC as of Aug 15^th. Accordingly, 100 million shares of Sabz Binalood electricity production with each share price of 2 thousands and 834 Rials and total value price of 28.3 billion Tomans   will be offered through OTC. It should be noted that 5 million of these shares would regard as preferential and installment shares.

In view of that, the condition of divesting for this production plant (with 100% ownership of Tavanir) will have 20 days deadline for cash purchases, plus 20 % cash and rest in 5 years installment, according to Broad of  Divesting. After purchase ordering, the broker’s customer must present 3% of the base value of advertised shares to Central Securities Depository (CSD) as a deposit participating in the OTC tender to guarantee the purchasers liabilities.

Mr. Aghdaee noted that, the divesting advertisement through the tender of 95 % from 3 power plants, namely, Montazer-e Ghaem, Khoy and Mashhad would be published from early this week on the newspaper.