Government indebted to TCI

“According to a Cabinet decision, the debt is to be repaid in a ten-year period, and both parties, TCI and CIC, are in agreement,” Saber Feizi told Mobna news agency.
“An agreement on payment procedure will be struck by the end of current fiscal year,” he added.
Last October, 50% plus one shares of TCI were sold on bourse to Mobin Etemad Consortium the highest bidder.
The sale has been hailed as the largest in bourse’s history.
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