TCI block share trade revocation raised in Article 44 committee

“Although the Tose’eh Etemad Mobin consortium has paid 20% of TCI block share sale value but it is the Competition Council which decides on the revocation or finality of the TCI block share trade,” Ali-Asghar Yousefnejad told Mobna news agency.
“The GIO report has pointed to the existing lack of precise regulations on share assignment to partially-governmental companies and a final decision on TCI block share assignment is expected soon,” he added.
50% plus one TCI shares were sold to Tose’eh Etemad Mobin Consortium on bourse on Sep 27.
The assignment was the biggest in bourse’s history but since the buyer consortium belongs to a government administration it has faced much criticism from experts and MPs.
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