Author: Visionary
Website: http://iran.whyweprotest.net/news-current-events/25860-iran-…
Iran privatizes 14 more state companies
Quote:
As President Mahmoud Ahmadinejad starts his second term in office, his government announces the privatization of 14 state-owned, giant companies.
In compliance with the implementation of Article 44 of the Iranian constitution, the government has announced the sale of 40 percent of government shares in 14 state-owned companies, including the National Iranian Gas Company, National Petrochemical Company, Iran Air, Iranian Oil Terminals Company, Iranian Tobacco Company, National Iranian Oil Products Distribution Company, and 10 percent of its shares in a number of oil refineries, the official government website Dolat reported.
The decision was taken at a cabinet meeting on July 28 and approved by the president, the website reported on August 2.
The shares were to be sold at the prices listed on the Tehran Stock Market.
The shares are to be transferred to the “Justice Shares” schemes, the… |
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