Tourism Bank sells 16.89% of Arman Insurance shares
According to the correspondent of the Monetary and Financial News Agency, the Tourism Bank announced in a statement on the Cadal system that it intends to observe 422,236,871 shares in accordance with the rules and regulations of the Exchange and Securities Organization and the OTC Company and within the framework of major trading instructions. Sell itself (equivalent to 16.89%) of Arman Insurance Company mainly and in cash through the OTC market. The date of this offer is set for Saturday, August 8, 1401, and the base price of each share has been announced as 8,368 Rials.
The main shareholders of Arman Insurance, which is active with the Arman symbol in the OTC market, are Iran Zamin Bank (19.78%), Tourism Bank (16.89%), Patin International Pardis (10.09%) and providing the future of the Iranian land ( 7.640%).
Accordingly, the total base price of this supply will be equal to 3,534 billion, 31 million, 256 thousand and 528 Rials (353 billion Tomans).
According to the announcement issued by OTC Iran in this regard, the buyer’s broker must receive the deposit of participation in the competition which is equal to 10% of the total base price of the transaction in cash or unconditional bank guarantee (at least quarterly) from the customer and as the case may be. Deposit securities to the account of the Central Depository and Settlement Company or deliver it to the OTC company.
If this offer is successful, Tourism Bank will practically withdraw from Arman Insurance, and the only shareholder bank of Arman Insurance will be Bank Iran Zamin.
