Iran to privatize 200 state-run companies

Iran to privatize 200 state-run companies

Head of Iranian Privatization Organization (IPO) Abdollah Pouri-Hosseini announced that 200 state-run companies will be transferred to the private sector by the end of the current Iranian calendar year (March 20, 2017), Shana news agency reported.

During the past 15 years, IPO has sold shares of 1111 government companies to the private sector, he added.

IPO transferred 5.760 trillion rials (about $162.34 million) worth of Iranian state-run shares to the private sector from the beginning of the present Iranian calendar year (March 20, 216) to September 13, Tasnim news agency reported.

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