TCI block shares offered Sep 16

“Currently, bourse acceptance board’s required information has been supplied by TCI and it has also performed six of bourse provisions allowing it to sell off its block shares,” Mahdi Oghdeyee told Mobna news agency.
“Evaluation of companies’ credentials applying for TCI block shares is the reason for the delay,” he said.
“A week before TCI block share sale its privatization advertisement has to be published and for that reason the sale will be carried out on Sep 16,” Privatization Organization deputy said.
“Only two consortia, namely: Mobin and Kavir Yazd have applied for TCI block shares and so far no foreign company has announced tendency to buy TCI block shares,” he added.
According to the new privatization law, 80% of TCI assets has to be privatized and so far only 30% has been sold off.
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