the Khorasan Steel Complex & Fanavaran Petrochemical Complex Set aside for Divesting on October 30 & November 7, 2007
In his interview with Fars News Agency, Mr. Ali Rahmani, the executive director of Stock Exchange Company, said that Next Tuesday, dated October 30, 2007, 10 percents of the shares shall be supplied for the prices determination. During the following days, the next 10 percents of the Khorasan Steel Complex shall be divested gradually.
In his interview with Fars News Agency, Mr. Ali Rahmani, the executive director of Stock Exchange Company, said that Next Tuesday, dated October 30, 2007, 10 percents of the shares shall be supplied for the prices determination. During the following days, the next 10 percents of the Khorasan Steel Complex shall be divested gradually.
He added that on Tuesday, October 23, 2007, the share-supply coordination meeting shall be held and the percentage of shares to be supplied by major shareholders of the Khorasan Steel Complex shall be determined. Khorasan Steel Complex is the 440th enlisted company, which shall be placed on the secondary board of the Stock Exchange for pricing and presentation. Major shareholders of the company include IMIDRO holding 48 percents, the employees of the Steel Complex Pensioners Fund, with 26 and the Organization for the Development of Mines and Metals, with 23 percents of ownership.
Regarding the timetable for the supply of shares of the Fanavaran Petrochemical Company, Mr. Rahmani said that having solved the problem of long- term agreement of this company and the obtaining of necessary permits from the Board of Ministers, it shall be divested on November 6, 2007.
He added that the same supply method of the Khorasan Steel Complex shall be applied for this company, resulting in the supply of 10 percents on the first day and the next 10 percents of shares to be supplied on the secondary board.