4 billion shares of Khouzestan Steel Company to be divested on 30th October 2017 through Tehran Stock Exchange.

Public relations liaison of Iran Privatization Organization (IPO) announced a total number of 4,205,901,333 stocks, which accounts for 29.06 of total shares of Khouzestan Steel Company will be divested through Tehran Stock Exchange by Iran Privatization Organization(IPO) on behalf of Payandegan Investment Company.
According to IPO public relations liaison the aforementioned number of stocks under the base value of 4466 Rials per share will be sold under a 25 percent cash and 75 percent instalments contract. Under this contract the buyer is obliged to make the 25 percent cash payment during 9 working days to the IPO’s account and the remaining must be paid in semi-annual instalments during a 3-year period.