“Banks to take on a more serious approach on divestiture of their superfluous assets”
Acting Minister of Economic Affairs and Financewhile appointing Iran's Supreme Leader Ayatollah Ali Khamenei?s commands, government?s strategic agenda and the corresponding ministry, urged banking system authorities to take more serious measures in order to divest superfluous bank assets.
Block Trade of 88.35Percent of RSTC Company
Block trade of 362 million number of shares of Railway Services and Technical Construction Engineering Company (RSTS Co.) to be divested on 9th October 218.
71 Public CompaniesDivested To Private Sector past year
Advisor to Iran Privatization Organization (IPO) stated in the past year total number of 190 public companies, worth more than 280,000 billion Rials has been valued and offered. Among which 71 companies with total worth of 35,000 billion Rials was divested.
Moghan Agro-Industry and Livestock Company Divestiture to Private Sector
Moghan Agro-industry and Livestock Company was sold by Iran Privatization Organization (IPO) with total value of 18.511 trillion Rials.
Successful Auctions of Iran Privatization Organization
A Board member of Iran Privatization Organization (IPO) stated:?In the most prominent auction of Iran Privatization Organization (IPO) from the beginning of current Persian calendar year, 21st March 2018, to date, a total of 11 companies, warehouses and grain depots with total value of 1,914 billion Rials, out of 16 were divested to the private sector.
Fading Role of Semi-State Owned Companies inDivestitures
Advisor to the head of Iran Privatization Organization stated: In the past year almost 100 percent of divestitures were made to real private sector.