Privatization Tally Tops $140m Since March

Iranian Privatization Organization has sold over 6.84 trillion rials ($146 million) worth of public companies’ shares to the private sector so far this fiscal year (started March 21, 2017). Over 6.74 trillion rials of the sum ($143 million) were privatized via tenders, while only 104 billion rials ($2.21 million) were sold on the capital market, ILNA reported. Iranian Privatization Organization listed 337 public companies for their shares to be transferred in the ongoing year, out of which the ownership of 230 public entities was to be fully transferred to private owners. The remaining 107 public enterprises were to see 80% of their shares transferred while 20% were to remain in the hands of the state.