"Iran is advertising the sale of the Mobarakeh and Khuzestan steel companies internationally," said the deputy head of the Iranian Privatization Organization (IPO) Mr Mehdi Oghadaie in an interview yesterday.
The IPO official went on to state that the preference of foreign investors is to buy 51 percent of shares as they would like to have control of the management of the companies in question. He pointed out that the IPO is now prepared to allow 51 percent of shares of these two steel companies to be quoted on the Tehran Stock Exchange.