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17% of Esfahan Steel Company to divest through the OTC

28/11/2012 | 15:06 code : 6558 Daily News
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The 17% of the shares of Esfahan Steel Company equivalent to 1,337,628,952 shares will be divested through the OTC in near future on the price of the OTC board price on the day of offering (equal to the closing price on the day before the offering date) plus 20% unless it wouldnt be less than 3,400 Rls.
17% of Esfahan Steel Company to divest through the OTC

The 17% of the shares of Esfahan Steel Company equivalent to 1,337,628,952 shares will be divested through the OTC in near future on the price of the OTC board price on the day of offering (equal to the closing price on the day before the offering date) plus 20% unless it wouldnt be less than 3,400 Rls.

 

The deposit to participate in the tender is set 136,438,153,104 Rials. The winner must pay 30% of his offered amount during 20 working days and pay the rest through 4 years installments.

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