VOL. XLVI
No 34
25-August-2003
IRAN
PRIVATIZATION
Iranian Bonyad Announces Plans To Privatize Some Subsidiaries
The Head of the Mostazafan and Janbazan Foundation (MJF) Mohammad Forouzandeh announced on 19 August that his foundation planned by March 2004 to privatize 64 of its subsidiaries with total capitalization of $75mn. Mr Forouzandeh added that the subsidiaries would be privatized via the Tehran Stock Exchange and not by tender or auction. The proceeds are to be used to implement development...
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