Shares of two companies to be divested on 4th December 2017.
According to Iran Privatization Organization (IPO) liaison shares of two companies to be divested by IPO on 4th December 2017. A total of 97.261 percent of Pars Soil and Water Engineering Services Development Co with the authorized capital of 666,963 million Rials will be put on sale.
This block trade consists of 648,698,002 shares of Pars Soil and Water Engineering Services Development Co with the base value per share of 8248 Rials and total value of 5,350, 461,120,469 Rials and is to be delivered through 15 percent cash sale and 85 percent sale in installments.
Additionally, 95 percent shares of Industry Development Investment Company with authorized capital of 850 billionRials will be divested with the base value of 11,756 Rials and total base value o 950,023,750,000 Rials through 30 percent cash sale and 60 percent sale in installments.