Iran divests shares in largest petrochemical company

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The Iranian government has sold 12% of its shares in the country’s largest petrochemical company the PGPIC for nearly $3.3 billion.

Reports published in the local media on Monday suggested that the government had divested 587,400,000 of its shares in the Persian Gulf Petrochemical Industries (PGPIC) for a final price of 18,510 rials ($0.056) per share.








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