Iran Gov’t will again use ETFs to sell shares

Financial Tribune – Unsold government assets in three banks and two insurance companies will be on offer again next week, the deputy economy minister for banking, insurance and state companies’ affairs said.

In May the government offered its assets via an exchange-traded fund and hoped to earn 170 trillion rials ($770 million).

However, the offer was not welcomed as the government had expected, and it could only make 58.86 trillion rials ($267 million), according to Abbas Memarnejad.