IKCO, Saipa To Launch IPO

News: The Iran Privatisation Organisation's Director Gholam-Reza Kord-Zanganeh has stated that an initial public offering (IPO) will be launched for Iranian carmakers Iran Khodro Company (IKCO) and Saipa Group, reports Mehr News Agency. He added that the shares will be offered on the Tehran Stock Exchange by the end of Iran's calendar year, ending on March 21 2010. Esmaeil Gholami, an official in charge of preparing public shares, has stated that 37% of shares in each company will be privatised.

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