Tag: KSC Bought Stake of NIMIDCO

Khouzestan Steel Company, the largest steel Iran has recently bought 67% stake in National Industrial and Mineral Development Company, a subsidiary of Bank Melli’s investment arm Tosee Melli Group Investment Company, worth a total of 12.4 trillion rials ($258.5 million). The shares were put up for auction by TMGIC. NIMIDCO has two iron ore concentrate…