Not Hopeful Of Iran Privatisations

The Iranian government announced on May 18 that it would sell a 5% stake in Bank Tejarat on the Tehran Stock Exchange All-Shares Price Index (TEPIX), making it the second bank to be privatised this year. The sale comes just three months after the government sold 5% of state-owned Bank Mellat in an offering which attracted lukewarm response (see 'Iranian Bank Privatisations Will Struggle To Attract Investors' CFW March 2 2009).

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