To which company will the government shares of Iran Khodro and Saipa go? / Ambiguity in the transfer of shares

According to Tejarat News, the last comment of the Minister of Silence about Transfer of equities The government of Saipa and Iran Khodro indicated that the valuation process of the two car manufacturers will be completed this week, and after that the government will hand over its shares completely.

According to the resolution of the 5th of April of this year, the transfer committee, respectively, equivalent to 5.72% and 17.31% of the shares belonging to the government in Iran Khodro and Saipa companies, was included in the list of companies subject to transfer of 1401 privatization organizations.

Today, IRNA reported that Samand Investment and Iran Khodro Investment Development Companies will transfer 13.77% of Iran Khodro Company’s shares in a block form to qualified natural or legal persons, in compliance with the rules. Of course, IRNA interpreted this as the fulfillment of the President’s promise. This is despite the fact that the handover has not yet taken place and that Transfer of equities To whom it will be done is in an aura of ambiguity.

Although parts manufacturers and current shareholders of the automobile industry are mentioned as possible buyers, some informal rumors and news also speak of non-automotive buyers. Apparently, a number of companies have started their negotiations for qualification since last year. Even one of the potential buyers recently announced his entry into the automotive industry.

Is bargaining illegal?

Saeed Tederi, a stock analyst, told Tejarat News about the beginning of bargaining by some companies to succeed in the transfer of shares: “Definitely, any action before pricing the shares of these companies is illegal.” Pricing should be done by companies that have a completely neutral activity. These companies are under the supervision of the stock exchange organization and their license and history of activity and valuation are confirmed.

He added: If any person or company gets in between and takes actions that change the value of assets or makes a recommendation and offers a proposal and creates a future for the process, it means lobbying. This is considered illegal.

Declaration of ignorance of the officials of the handover

According to this report, the Privatization Organization is in charge of asset discovery, price and pricing in the transfer of Iran Khodro and Saipa shares. Therefore, we followed up the authenticity of this hypothesis from Hossein Gurbanzadeh, the head of the privatization organization. His answer was: “Later, I will hold a press conference and give an answer. I cannot be responsible now.”

Also, Hossein Zadeh Qashmi, Director General of Communications of the Ministry of Security, expressed his ignorance about the consultation of any company or individual to transfer the shares of these two companies.

Forming a consortium to participate in the transfer of car manufacturers’ shares!

Despite the authorities’ statement of ignorance, Tejarat News’s hearings about the transfer of shares of Iran Khodro and Saipa tell other stories. It seems that even a consortium was formed in February last year. At that time, four well-known companies in the fields of construction of condos, food production, dairy products and detergents formed this consortium.

These four companies were supposed to be introduced as buyers of Saipa. But due to the fact that the automakers are making losses, they agreed to receive the license to import Renault Kwid in exchange for this deal to compensate for the losses imposed. Of course, these talks remained rumors and were never officially announced.

Sooner now that the government has an order Transfer of equities government to do two car manufacturers, it seems that only one of these companies is mentioned as a buyer. Recently, the name of this company was mentioned as a new competitor of Saipa and Iran Khodro.

Of course, if the four mentioned companies were to get along, something strange would happen in the automobile industry. In particular, the company producing the canopies had a high monopoly. Because this manufacturer currently has five sub-brands. Now, many experts in their speculations are already introducing a food producer as the winner of the share transfer. Of course, the CEO of this company’s factory, in response to a question about the purchase of these shares, told Tejarat News: “This is not a question that I can answer. But in general, the news is not true.”

Transfer of shares to qualified persons

According to this report, contrary to some notions, the shares of Iran Khodro are not supposed to be offered in the stock market and the buyers of the shares will be members of the society.

These shares are assigned to qualified natural and legal persons. Now, some experts, pointing to Hepco’s flow and other privatization experiences, warn that this stock may remain uncertain after some time.

Therefore, they suggest that the transfer of shares be done in the stock exchange. Especially considering the losses of several tens of billions of these companies, it is unlikely that they will achieve much success in the market after privatization.

To read more, read Iran Khodro and Saipa shares will be transferred in a week or two.