On the strength of the latest legislations of the Cabinet, privatization of 40 percent of the Iran Aluminum Company (IRALCO) and the Iranian Copper Industries Company (ICIC) were approved to be conducted in managerial blocks through the Stock Exchange.  The IPO announced that these two major Iranian Companies, which are deemed as two of the greatest copper and aluminum production companies in the whole region, should be promptly privatized.  They are planned to be divested in the Iranian domestic stock exchange and through the international marketing to the domestic or foreign purchasers.  During the recent months, many applications were received from major strategic investors for the purchase of these two companies, but the IRI prefers to alienate the shares of these two companies in publicly announced tenders through the stock exchange market.  Taking into account the desirable future and growing demands for each of these two metals (Aluminum and Copper), the concerned companies enjoy an ideal potential to develop and promote national and regional activities.  The IPO also announced that it would begin shortly the international marketing and counseling operations with potential Iranian purchasers. 

This organization expects a proper competition between the purchasers for the acquisition of the controlling share of these companies.