Iran will begin to allow foreign firms to purchase Iranian state-run companies, with the possibility of obtaining full ownership, Iranian English language television channel PressTV reported on its Web site, citing the director of Iran 's Privatization Company, Gholamreza Heidari Kord Zangeneh.
The report said Iran will allow foreign companies and nationals to purchase unlimited shares of state-run enterprises which are in the process of being sold off.
Iran will no longer make a distinction between domestic and foreign firms that wish to purchase state-run companies - provided the combined ownership of foreign firms in any given industry doesn't exceed 35%, Kord Zangeneh said.