Where did the block supply of Iran Khodro and Saipa shares reach?

According to Eqtesadonline; Yesterday, the companies of Saipa Investment Group, Rena Industrial Group Investment, Saipa Employees Investment Group and Nivan Ebtekar Industrial Investment and Development announced by announcing that they intend to block about 41% of Saipa’s shares to eligible individuals or legal entities. Assign in accordance with the relevant rules and regulations.

Saipa Investment Group Company owns more than 38.3% of Verna shares and is the senior shareholder of this company. Also, 26.8% of Verna shares are held by small shareholders and less than one%.

It should be noted that the terms of offering and transfer of Saipa shares, after completing the relevant process and through the Exchange and Securities Organization will be notified to applicants. The announcement follows the president’s order to transfer government management to two car companies.

On April 26, Minister of Silence Reza Fatemi Amin announced the transfer of a 40% and 25% block of government shares in Saipa and Iran Khodro to the private sector, in order to reduce government influence.

Following this issue, Hossein Ghorbanzadeh, head of the Privatization Organization, announced three conditions for the transfer of shares to automakers. According to him, the release of government shares in banks’ collateral, allocation of internal shares of automakers (Tudeli) to repay facilities, reforms and financial transparency of these companies and consolidation of shares of the State Pension Fund, internal shares of automakers and government shares of Iran Khodro and Saipa for offering, transfer conditions Automakers.

According to the latest statements of the head of the Privatization Organization, of the government’s shares in Iran, Khodro has 5% and in Saipa 17%, which also has a share of shares. That is, it also includes shares of other companies. For example, the state pension fund in Iran ‌ Khodro has between 7% and 8% of shares, which can be merged with government shares in the form of blocks. According to Ghorbanzadeh, the government is obliged to sell 70,000 billion tomans of shares of state-owned companies directly in the form of a budget, and through this, to obtain resources for the budget.

However, a final decision on the blockchain offering has not yet been made, and coordination must be established between the Ministry of Economic Affairs and Finance and the Ministry of Industry, Mines and Trade. On the other hand, the Ministry of Silence has not yet provided details on tracking the status of corporate shares.