TCI block share buyers remain as before: PO head

“The Privatization Organization had waited for bourse to announce its readiness for the sale. Bourse had set a five-day deadline for the sale which will end on Sep 27,” Gholam-Reza Heidari Kord Zanganeh told Mobna news agency.
“The provisions on TCI block share assignment have not changed and will remain the same,” he said.
“It was expected that a new consortium would be added to previous consortia but there is no time for quality approval of the new consortium and TCI block share buyers will be remain as before,” he added.
Earlier, the head of Privatization Organization had announced that quality approval of an Iranian-foreign consortium for buying TCI shares was the main reason for delay.
It had been planned that 50% of TCI shares plus one would be sold off on Sep 16.
So far 30% of TCI shares have been sold off either as Justice Share, staff share or on bourse.
The two consortia of Pishgaman Kavir Yazd and Tose’eh Etemad Mobin are applicants for TCI shares and their credentials have been approved.
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