According to a letter by Ali Askari to the director of supervision
over issuers at the Securities and Exchange Organization, published on the
Codal disclosure system, PGPIC acquired three billion and 18 million shares of
Golestan Petrochemical, equivalent to 60.4%, through a preferential rights
waiver on June 6.
Golestan Petrochemical, which will produce urea and ammonia, is one of
the development projects of PGPIC, Iran's largest petrochemical holding
company. The project, which had less than 20% progress in more than 17 years,
will be launched within 36 months with PGPIC's entry.
Golestan Petrochemical's symbol "Shostan", which had been
closed since January 7, 2023, was reopened for trading on Thursday and rose by