IKCO Stake Sale Continues Trend Of Outside Investment In Industry

The Iranian government has sold an 18% stake in domestic carmaker Iran Khodro (IKCO) to a consortium of investors, supporting the view of BMI's autos' desk that investment from outside the industry will increase. Conducted through the government's Privatisation Organisation, the share offering was the biggest ever in the Iranian auto industry, fetching US$430mn.

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