
State-Owned Companies Go Public
Initial Public Offerings of government-owned companies were worth more than 38 trillion rials ($1.1 billion) within the past 10 months, SENA reported.
MoreInitial Public Offerings of government-owned companies were worth more than 38 trillion rials ($1.1 billion) within the past 10 months, SENA reported.
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The financial statements have been signed to help remove the last obstacle in the way of privatization of the two major state-owned football clubs, Persepolis and Esteghlal, said Jaafar Sobhani, the top adviser to the director of the Iranian Privatization Organization (IPO).
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Despite previous announcements that the two major state-owned football clubs, Persepolis and Esteghlal, would be priced and be ready for auction by the end of the third quarter of the year, the ambiguities in debts have hindered the price-setting process, said Abdollah Pouri-Hosseini, the director of Iranian Privatization Organization (IPO).
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Following the advertisement dated February 01, 2015 published at Newspapaers “Tehran Times, Iran Daily, Donya-e-Eqtesad, Iran, Jame-Jam, Etemad, Etela’at, Arman, Khabar-e-Varzeshi, Navad”, and according to Note 1-9 of the aforementioned advertisement...
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The financial statements have been signed to help remove the last obstacle in the way of privatization of the two major state-owned football clubs, Persepolis and Esteghlal, said Jaafar Sobhani, the top adviser to the director of the Iranian Privatization Organization (IPO).
More![]() |
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Despite previous announcements that the two major state-owned football clubs, Persepolis and Esteghlal, would be priced and be ready for auction by the end of the third quarter of the year, the ambiguities in debts have hindered the price-setting process, said Abdollah Pouri-Hosseini, the director of Iranian Privatization Organization (IPO).
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President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian said on Monday that the government’s role in the economy must be minimized in favor of the private sector.
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More than 132 trillion rials worth of government securities have been transferred via initial public offerings (IPO) to the assignees since 2005 in accordance with the Article 44 of the Constitution, Iran Privatization Organization’s public relations office reported.
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The Iranian Privatization Organization has offered a large amount of government securities, valued almost 32 trillion rials, within the past 8 months, the IPO’s public relations department announced.
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100 percent of the shares of Damavand Petrochemical Company (DPC) will be offered through Iran Fara Bourse or over-the-counter (OTC) market on December 7.
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The Head of Iranian Privatization Organization (IPO) Mir Ali Ashraf Pourihosseini said that, IPO has published the list of divestible companies for 2014-2015 that includes 186 governmental companies
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The 50.5% of the shares of Khuzestan Steel Company equivalent to 1,106,960,000 shares will be divested through the Stock Exchange in near future on the price of the Stock Exchange of the day of offering (equal to the closing price of the day before the offering date) plus 35% unless it wouldnt be less than 30,000 Rls.
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