EghtesadOnline: The long-delayed plan to privatize Esteghlal and Perspolis, Iran's two top football clubs, seems to be in the final stages. Stocks of the two clubs are to be offered on the Iran Fara Bourse soon after the process of registration and recapitalization of the clubs.
EghtesadOnline: The Iranian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf of the National Iranian Oil Refining and Distribution Company.
EghtesadOnline: The Majlis Research Center says a new government plan to divest its assets in assorted companies via exchange-traded funds is not “privatization in the true sense”.
EghtesadOnline: The Iranian Privatization Organization has outlined plans to facilitate divestiture of government assets in the coming Persian calendar year that begins in March.
EghtesadOnline: The Iranian government will institute fundamental changes in the existing procedures regarding privatization.
EghtesadOnline: The planned privatization of Iran's two major football clubs, namely Persepolis and Esteghlal, is unlikely to be concluded in the current Iranian year (March 2019-2020), amid impediments to reforms in the clubs’ structure and problems related to their financial statements, the head of Iranian Privatization Organization says.
EghtesadOnline: Car buyers in Iran support privatization and a free market approach to the key industry and oppose generous state and government subsidies for the inefficient sector, a survey conducted by Iran Standard and Quality Inspection Company showed.
EghtesadOnline: The gravest problem facing privatization in Iran is the volatile foreign currency market, the head of Iranian Privatization Organization said.
EghtesadOnline: Iran Privatization Organization has presented a number of incentives to energize and reward the private sector in taking over state-run enterprises and assets, an advisor to the organization said.
EghtesadOnline: The privatization process accelerated after President Hassan Rouhani took office, Securities and Exchange News Agency (SENA) reported on Tuesday. Nearly 392 trillion rials of government property were privatized during the three years since August 2013.