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Golden year for privatization; because of privatizing huge governmental companies

15/06/2014 | 09:25 code : 6924 Daily News
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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
Golden year for privatization; because of privatizing huge governmental companies

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

Pourihosseini, referring to the list of divestible companies for 2014-2015 issued by the Divesting Board, said that the divestible companies list, prepared and produced after immense specialized consultation and in-depth analysis by the IPO experts and those of the specialized parent companies; and IPO intends to divest the largest number of companies within a single year. 
Speaking to reporters on the sideline of meeting, he added that the relevant notice on divestible companies list for 2014-2015, will be released soon after pricing and defining divesting conditions and methods by the Divesting Board.
 He assured that ,the relevant list includes, 186 divestible companies comprising, 27 huge companies, 76 large companies, 31 medium companies , 31 other companies;  as well as a number of governmental shares in 9 companies (registered in Stock Exchange Market) and other 12 companies (non-registered in Stock Exchange Market(.
He asserted that the huge companies will include those companies whose the value of government share will go beyond 10000 billion Rials(400Million USD) and the large companies are those whose the value of  government share have been calculated at more than 1000 billion Rials(40 Million USD).
Deputy Economy Minister added that the relevant final list of the divestible companies will be available at www.ipo.ir .
He underlined that, Out the huge divestible companies in 2014-2015, including   Bandar Abbass, Lavan and Kermanshah Oil Refining Companies, National Iranian Drilling Company, Airline of the Islamic Republic of Iran Company, Damavand Petrochemical Company, Iran Gas Holding Company, Mahab Ghods Consulting Engineering Company and Sahand, Zahedan, Shahid Rejaei, Shahid Mofatteh ,Khalije Fars and Azerbaijan power stations.
Mr. Pourihosseini continued that “out the large divestible companies we can refer to Khalije Fars, Manjil Green Electricity, Loshan and Shahrood power stations, Azerbaijan steel Company plus Mianeh steel Project, Provinces Electric Energy Distribution Companies, Cereals & commercial service companies of zones 1-14, Raja Rail Transportation Company, Luleh Gostar Esfarayen Company, Machine Sazi Tabriz Group (M.S.T.), and Esteghlal and Perspolis Sport and Cultural Club Companies.
He stipulated that out the huge divestible companies for 2014-2015 the basis price of companies like Iran Central Iron Ore Company (totally 16000 billion Rials), Shaid Mofatteh Power Station (totally 37000 billion Rials) and Esfarayen Industrial Complex (totally around 10000 billion Rials) have already been decided and approved by the Divesting Board and they are ready to be divested.
Pourihosseini, stating that IPO has already received applications for a number of the said 186 companies, added: “We hope that in the current year, the desirable conditions in Stock Exchange Market will be provided and we can finish our job in this respect, marking a golden and outstanding year in the Iranian privatization drive”.

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