(SHADA: TEHRAN) - More than IRR 150 trillion (USD 6.25 billion approx.) worth of shares of Iranian state-owned enterprises have been divested to the private sector during the first nine months of the current calendar year (starting March 21, 2013), Iran's Privatisation Organisation (IPO) said on Tuesday.

According to the report, out of a total of IRR 150.267 trillion (USD 6.26 billion approx.) worth of SOEs' stocks, some IRR 113.702 trillion (USD 4.73 billion approx.) were privatised through the Tehran Stock Exchange (TSE).

The value of stocks sold on Iran's OTC market (Farabourse) hit IRR 26.257 trillion (USD 1.09 billion approx.) while tenders were responsible for approximately IRR 10.308 trillion (USD 429 million approx.) worth of shares phasing out of state ownership.

IPO further noted that 124.186 trillion Rials (USD 5.17 billion approx.) worth of these shares were divested in block sales, while 25.267 trillion Rials (USD 1.052 billion approx.) worth of shares were privatised in gradual sales and 805 billion Rials (USD 33.54 million approx.) through preferential sales.

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