TCI block shares sold off in two stages: Privatization Org head

”First, PO will publish public invitation in high circulation newspapers from Aug 4 to TCI block share applicants to submit their request to PO,” Gholam-Reza Heidari Kord Zanganeh told Mobna news agency.
”At this stage, PO will evaluate technical, financial and security capabilities of such applicants. If they qualify, they will be accepted to the second stage and introduced to bourse within a month,” he added.
”TCI block shares will be sold off as 50 plus one percent share,” he continued.
”The maximum percentage a foreign investor can own TCI shares is 28 percent,” he said.
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