Iran TCI's Stocks to offer in stock exchange in June

The issues of TCI's license and deposits have been removed and its stocks will be offer in stock exchange in June.

Mr. Aghdayee – Iranian Privatization Organization, Legal Affair's vice president – said: "In first step, 5 to 16% of the stocks will be offered as float stock to determine the prices. 20 percent of the stocks will be state-owned, 20 percent Justice stocks and 5 percent be owned by telecom's employees."According to Aghdayee, the remains of stocks -39 to 50% - will be offered in blocks.He added: "According to analyses, the investors can afford to buy stocks in blocks of more than 50 per cent; thus, it is expected that TCI's stocks will be offered in one block."