VOL. XXXI

NO. 49

12-SEPTEMBER-1988

Financial and Banking News

INVESTMENT ACTIVITIES

Iran Contemplates Selling Crop Stake

The Iranian Government has begun talks with a group of West German banks onthe possibility of selling its 25.01% stake in the industrial group Fried. CropGmbH, according to a statement issued by Westdeutsche Landesbank, which alongwith Deutsche Bank is leading the banks involved. Local press reports suggestthat Iran is asking for DM700mn for its stake, which was acquired for...