Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
IRAN
Lukewarm Response To Privatization Of Bank Mellat
Private investors in Iran gave a lukewarm response on 18 February to the privatization of the first tranche of 5% of state-owned Bank Mellat, the second largest in the country. An unnamed official of the Tehran Stock Exchange (TSE), quoted by Reuters, said that investors bought 340mn, or around 52% of the 655mn shares on offer, and suggested that the price had been set too high at IR1,050...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!