Iron and Steel

The sale of 31.6% of the Khuzestan Oxin steel for $ 109,523,810

The sale of 31.6% of the Khuzestan Oxin steel for $ 109,523,810
Mining News Pro - The 31.6% block of the Oxin Khuzestan steel Company was sold at today`s auction of privatization for $ 109,523,810.
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According to Mining News Pro -The 31.6% block of the Oxin Khuzestan Steel Company comprised one billion 422 million and 493 thousand and 607 shares for the base price per share of 2131 Rials and the total value of the base of 3,313,333 million and 876 thousand and 517 Rials today (Monday) by the organization The privatization took place on the auction house, which sold the steel block for $ 109,523,810.


The block of the Oxin Steel Company of Khuzestan, at 20%, and the remaining 4-year installments, with a ceiling of six months, while at the same time the lawyers of the National Iranian Steel Industrial Group, sold on the table, with a deposit of $ 2,165,238 It was set.


The report adds that the establishment of factories and steel facilities for melting, casting iron and steel bars, billet and ... in various dimensions make up the company`s activities.


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