TCI’s 3rd block share buyer offers proposal: PO deputy

“So far the credentials of two consortia as prospective TCI block share buyers have been appraised. If, by the time TCI block shares are offered on bourse, a new proposition is submitted to the Privatization Organization it will be considered,” Mahdi Oghadayee told Mobna news agency.
“It is expected that the new proposal is offered by an Iranian-foreign consortium whose credentials will be appraised quickly,” he said.
“If no problem arises then TCI block shares will be offered on Sep 27,” he added.
TCI 50% block shares plus one share worth $7.8b will be sold off Sep 27 on Tehran bourse, Privatization Organization announced.
TCI is among companies which have to be privatized based on new privatization law. 5% of its shares have been sold off, 5% assigned to TCI staff and 20% assigned as Justice Share.
By assigning this 50% of shares, 20% of TCI shares will remain with the government.
The sale of this amount of shares is unprecedented in bourse’s history.
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