Jun 15 2009 |
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Bank Saderat Will Offer More Shares
In addition to 6 percent of Bank Saderat 's shares sold on June 9, Iran's Privatization Organization (IPO) has ceded 150 million shares of the bank in the past few days, said the deputy head of IPO.Mehdi Aqdaei also told Fars News Agency that if the capital market favors Bank Saderat shares, the other block sale of the bank's shares may take place in the next few days. " Bank Saderat is ceding 5 percent of shares to its own staff," he said.
On the block sale of Bank Mellat shares, the official said two 5-percent blocks of this bank will be offered in the bourse during June 16-17.
Also, two 20-percent and 18.6-percent blocks of shares of Shiraz Petrochemical Complex will be put on sale during June 20-21.
"The block sale of 9.5 percent of Isfahan Oil Refining Company's shares will take place on June 22," Aqdaei said.
Bank Saderat is the third state bank to be privatized under Article 44 of Iran's Constitution.
In May, Bank Tejarat sold 6 percent of its shares--worth 754 billion rials ($75.4 million)--three months after Bank Mellat offered 5 percent of its stake on the market.
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