Damavand resupply and Avicenna in Hamedan in OTC

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Friday - 28 October 2016

80% of the shares and 20% of the shares of Damavand Petrochemical Petrochemical Avicenna in Hamedan on the basis of the new legislation Transformation Board, will be offered again in the OTC market.
According to PIN, yesterday (Saturday, first-November) attended by members of the delegation that was formed in the Ministry of Economic Affairs and Finance, the base price and conditions of the transfer of 80% stake in Damavand Petrochemical was approved.
During the meeting, Members with a base price and terms of assignment for supplying 20% stake in petrochemical company also agreed Avicenna in Hamedan.
The National Petrochemical Company, 80 percent of Damavand Petrochemical shares to the total base value of 13 billion riyals last year’s Persian date Shahrivar 14 months in OTC auction that the buyer did not like the previous auctions.
Damavand Petrochemical Company, suppliers of petrochemical utility and offsite second phase of Pars Special Economic Energy Zone and in the supply of electricity, water, steam, compressed air, oxygen, nitrogen, fuel gas and feed manufacturing complex second phase of network and communication lines petrochemical works

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