EghtesadOnline: The IPO will secure the right to revoke the deals if each of the two clubs fail to rank among the top four clubs in two successive seasons. Potential buyers are also required to table precise plans for increasing the income of the two clubs.
EghtesadOnline: Government policy to sell stakes in state-run companies will continue to generate revenue for the next fiscal budget (March 2021-22), head of the Plan and Budget Organization said.
EghtesadOnline: The government’s decision to offer its stakes in several companies in the stock market and allow the so-called ‘Justice Shares’ to be tradable saved the bourse from a potential bubble burst, says Saeed Laylaz.
EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said.
EghtesadOnline: The Ministry of Economy announced a timeframe to launch the first phase of a divestiture scheme based on which government will sell its stakes in state-affiliated companies.
EghtesadOnline: The government’s remaining stakes in six refineries is to be offered via a monolithic exchange-traded fund, according to a decision by an ad hoc committee in charge of divesting government property.
EghtesadOnline: The newly appointed head of Iranian Privatization Organization- the state-run body overseeing the sale of state-owned companies, has pledged to use the stock market’s capacity in divesting the stakes of government-owned companies.
EghtesadOnline: The government is planning to repay its debts to private companies by selling its stakes in state-controlled petrochemical and refinery companies, according to a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture.