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53% of Esfahan Steel Company to Divest through the Stock Exchange

10/09/2012 | 12:46 code : 6499 Daily News
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The 53% of the shares of Esfahan Steel Company equivalent to 4,170,255,180 shares will be divested through the OTC in near future on the price of the OTC board price of the day of offering (equal to the closing price of the day before the offering date) plus 100% unless it wouldnt be less than 2,682 Rls.
53% of Esfahan Steel Company to Divest through the Stock Exchange

The 53% of the shares of Esfahan Steel Company equivalent to 4,170,255,180 shares will be divested through the OTC in near future on the price of the OTC board price of the day of offering (equal to the closing price of the day before the offering date) plus 100% unless it wouldnt be less than 2,682 Rls.

The deposit to participate in the tender is set 335,538,731,781 Rials. The winner must pay 25% of his offered amount during 30 working days and pay the rest during 5 years.

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