ID :
92885
Thu, 12/03/2009 - 01:11
Auther :
Shortlink :
http://m.oananews.org//node/92885
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Privatization of Iran's Saipa and IKCO
TEHRAN, Dec. 2 (MNA) – Director of Iran Privatization Organization (IPO) said shares of the two giant car manufacturers in Iran, namely Iran Khodro Company (IKCO) and Saipa Group, will be offered in Tehran Stock Exchange by the end of the Iranian calendar year (March 21, 2010).
The Mehr News Agency quoted Gholam-Reza Kord-Zanganeh saying that according to the Iranian Bugdet Bill of calendar year 1388 (March 2009-March 2010), there has been no delay in the offering of these shares. The official time left to offer the car manufacturers’ shares is until the end of the current Iranian year, he added.
Meanwhile, another IPO official in charge of preparing public shares said on Wednesday that 37 percent of each company will be privatized, IRNA news agency reported.
Esmaeil Gholami said that these shares have been handed over to the Industrial Development and Renovation Organization of Iran (IDRO) holding company and are considered to be public shares.
He said that IPO is legally obliged to work out the prices of the shares of these companies by the end of the year.
The Mehr News Agency quoted Gholam-Reza Kord-Zanganeh saying that according to the Iranian Bugdet Bill of calendar year 1388 (March 2009-March 2010), there has been no delay in the offering of these shares. The official time left to offer the car manufacturers’ shares is until the end of the current Iranian year, he added.
Meanwhile, another IPO official in charge of preparing public shares said on Wednesday that 37 percent of each company will be privatized, IRNA news agency reported.
Esmaeil Gholami said that these shares have been handed over to the Industrial Development and Renovation Organization of Iran (IDRO) holding company and are considered to be public shares.
He said that IPO is legally obliged to work out the prices of the shares of these companies by the end of the year.
