17 July 201250% of Khouzestan Steel Company to Divest
The 50.5% of the shares of Khouzestan Steel Company equivalent to 1,106,960,000 shares will be divested on the price of the TSE board price on the day of offering (equal to the closing price on the day before the offering date) plus 50% unless it wouldnt be less than 22,622 Rls on 17 July 2012.
These block shares will be divested as 30% in cash with 4 years installment and the payment deadline of cash part is 30 days.