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.