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20 Jun
15:04

Iran seeks buyers for Esfahan Steel

Iran’s Privatisation Agency is seeking buyers for Esfahan Steel (Esco) as it plans to offer on the Iran Fara Bourse over-the-counter market a 73% shareholding in the country’s third-largest steelmaker, according to Novin Investment Bank which is advising on the sale. This is in order to boost the producer’s profitability. The shareholding in Esco for sale is 56% owned by Iran’s Social Security Organisation and 17% by Iran’s Steel Pe…
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