Foreign Firms Able To Own Iranian State Companies

Via Stratfor (subscription required), news that Iran will begin to allow foreign firms to buy unlimited shares in Iranian state-run companies that are in the process of being sold off, with the potential for purchasing full ownership.  According to the report:

“…As part of liberalization efforts in the country, Iran will no longer distinguish between domestic and foreign firms that want to buy state-run companies, as long as foreign firms’ combined ownership in any one industry does not exceed 35 percent. Foreign companies will be allowed to transfer their original capital out of Iran three years after their purchase or investment…”

This entry was posted on Monday, June 30th, 2008 at 10:50 am and is filed under Iran.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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