Samand Investments Co. announced a couple of days ago to give away its 15.8 percent share in IKCO through auction. Rumor has it that an auto part maker company is about to buy all of this share solely.
KhodroCar – Since almost a year ago, IKCO tried to compensate for its losses to play its game by the book. Giving away its share in Parsian Bank was a step forward. Now the IKCO guys have decided to correct the wrongful personalized system in the company.
Along the very same path. Samand Investments Co., the subsidiary and also the shareholder of IKCO declared this week that it will sell its share. But who is the buyer?
Yesterday there were news about a bunch of auto part makers interested in the Samand Investments Co. shares but the truth is that only one auto part maker is willing to buy the whole 15.8 percent share all by himself.
Based on some information the buyer is a partner to a creditable East Asian auto part maker and now aims to step forward for the share with the help of politicians from outside of the government.
The concept of giving IKCO’s share to private sector is a good deed but just in case the politicians stay out of it and let the private sector to step into privatization without rents. Yet apparently the automotive industry is interesting in practice as is in words so it has turned into a movie that the politicians took over to direct it while the theme music goes to the private sector.
KhodroCar journalist: Asal Dadashloo
KhodroCar Translator: Mostafa Anisi
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