TCI board members to change

“The consortium has 30 days to pay the amount starting yesterday,” Saber Feizi told Mobna news agency.
“The consortium is obliged to pay the amount in full, and after that there will be new appointments of TCI board of directors,” he added.
22,936,827,827 share (50+1 percent TCI shares) belonging to Government were sold off on Sep 27 in cash and installment (20% cash and 80%installment) to Etemad Mobin Consortium at 3,409 rials per share.
The consortium is affiliated to Sepah Cooperation Foundation which owns 45% of Bahman Group, 4% of Saipa Co. and 25% of Kermanshah Petrochemical Company.

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