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50% of Khuzestan Steel Company to divest in Near Future

28/11/2012 | 15:07 code : 6559 Daily News
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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.
50% of Khuzestan Steel Company to divest in Near Future

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.

 

It will be divested as 25% in cash and 3 years installments. The deadline to pay the cash part is 20 working days.

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