IPO Deputy of Divestiture and Shares Affairs, Mr. Seyed mehdi  Aghdaei has announced making decision about base price of two state companies, at Divesting Board meeting on Saturday.

Mr. Aghdaei said in an interview with IPO web site reporter about the decision of Divesture Board Meeting on Saturday.

He added that based upon today decisions, divesture of 100% shares of the Gostaresh Railroad Transportation Industrial Development with the whole base price of 87 billion and 750 million Rials cash was approved within the definition of condition for competency (sufficient contracting experience for purchaser) thought the OTC. According to Mr. Aghdaei statement, the divesture of 30 % shares of Persian Gulf Chemical Polymer Development Company with Total Base Value of 254 million and 700 thousand Rials cash was approved in today meeting, through the tender.