Iran to transfer $600m of state shares to private sector
- Iran: Tuesday, September 18 - 2012 at 12:51
The Iranian Privatisation Organisation has announced some $603m worth of shares of state-run firms are to be transferred to the private sector by the end of the first half of the current calendar (September 21), Tehran Times has reported. Head of the organisation, Mohammad-Rahim Ahmadvand said around $20bn in state-owned shares were divested in 2011, with plans to accelerate the process in the current year. The Islamic Republic has privatised around 500 companies during the last six years, he noted.
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