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Foreigners rush to buy Iranian companies

TEHRAN, July 24 (Mehr News Agency) - The foreign companies have highly welcomed the selling of Iranian companies' shares, the deputy head of Iranian Privatization Organization (IPO) announced here on Tuesday.

Talking to MNA, Esmaeil Gholami added that the foreign investors voiced their preparedness to buy the stakes of Telecommunication Company of Iran (TCI), Iranian Aluminum Company (IRALCO), Mobarakeh Steel Company, Razi Petrochemical Company, and Khuzestan Steel Company.

Russia, Turkey, India, England, and some European countries and Persian Gulf littoral states are the applicants, he said, adding the companies will be privatized in a tender.

Iran sold $324m worth of companies' shares in 4 months

TEHRAN, July 24 (Mehr News Agency) - In the first four months of the current Iranian year (started March 21), $324 million worth of the state-run companies was sold, an Iranian Privatization Organization (IPO) official said here on Tuesday.

Talking to MNA, IPO Deputy Mehdi Oqadaii added that the Iranian Aluminum Company (IRALCO) is one of the main privatized companies.

He added five percent of the Khuzestan Steel Company and Iran Power Plant Projects Management Company (MAPNA) will be privatized by next month.

... Payvand News - 7/25/07 ... --

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