Cabinet of Islamic Republic of Iran ratified divestiture of the remaining government shares of Alborz, Asia and Dana Insurance companies. Following the ratification, stocks of the aforementioned companies have undergone the valuation process by the assigned divestiture team to be put on sale by Iran Privatization Organization (IPO).
Public Relations liaison of Iran Privatization Organization (IPO) reported Cabinet of Islamic Republic of Iran directed by president Hassan Rouhani approved of entitling remaining shares of government in the Asia, Dana and Alborz Insurance companies for divestiture. Hence, after valuation by the divestiture team, Iran Privatization Organization(IPO) will be in charge of divestingstocks of these companies through Tehran Stock Exchange (TSE).