The Investment Company of Oil, Gas, and Petrochemicals Supply (Tapico) will offer the controlling block of 53.09 percent of the shares of Abadan Petrochemical Company (trading symbol: "Shpetro") in the over-the-counter market on November 17. This block includes 5 billion 309 million 743 thousand 842 shares of Abadan Petrochemical, which will be offered in bulk and cash on the yellow board of the over-the-counter market under the trading symbol "Shpetro4". The base price for each share has been set at 7,728 rials, and the total value of the transaction exceeds 4 trillion 103 billion tomans.
Legal Requirements and Seventh Development Plan
This transfer is considered a legal requirement in line with the Seventh Development Plan. According to Article 5 of this law, non-governmental public institutions and pension funds are required to divest their managerial and controlling shares by the end of the second year of the plan. These actions aim to increase private sector participation and reduce government ownership.
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The transfer of the controlling block of Abadan Petrochemical by Tapico can also be evaluated in line with the macro policies of reducing public sector enterprises and moving towards private management. This action could help improve the economic structure and increase efficiency in the capital market.
Portfolio Specialization and Increased Investment Returns
The second notable aspect of this transfer relates to the restructuring of Tapico's portfolio. This holding must allocate its resources in a way that brings the highest economic returns for shareholders. Improving investment returns and preventing resource dispersion in companies with limited operational synergy is of special importance.
In explaining the objectives of this transfer, Tapico has identified optimizing and restructuring the investment portfolio, freeing up resources for financing development projects, and reducing investment risk as the main reasons for offering the controlling block of Abadan Petrochemical.
On the other hand, Abadan Petrochemical has also achieved significant operational growth. The company's operational revenue in the seven months ending on October 23, 2026, has reached about 3 trillion 300 billion tomans, which is more than 33 times higher than the same period last year. These changes could influence the assessment of potential buyers.
Overall, the transfer of the 53.09 percent block of Abadan Petrochemical is seen as an opportunity to revitalize this industrial complex and increase its efficiency in the production and investment chain. This action not only helps reduce government ownership but could also pave the way for transferring Abadan Petrochemical to a group capable of ensuring sustainable feedstock supply and expanding production capacities.
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