Iran may sell 51% of MSC and KSC to foreigners

Monday, 15 October 2007 10:39:43 (GMT+3)   |  
       

Mr. Mehdi Aqdaei, deputy head of the Privatization Organization of Iran has stated that the organization is currently waiting for the government to issue permits for the international sale of 51 percent of shares (in block) in the country's largest flat steel producer Mobarakeh Steel Company (MSC) and also in the largest Iranian mill specializing in billet production, Khuzestan Steel Company (KSC).

Mr. Aqdaei underlined that the importance of these permits was that they would give equal opportunity to both prospective Iranian and overseas buyers.

Meanwhile, close to 40 million out of the 15.8 billion MSC shares are soon to be put up for sale.


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