"Visman Motor” Consortium now steering “Bahman Investment Company”

A Real Privatization In Iran’s Automotive Industry

Asre Khodro: Visman Motor with an outstanding background in Iran’s automotive industry won second round of tender for selling Bahman Group who makes Mazda, Isuzu and FAW cars in Iran.

Reporting "Asre Khodro", The first tender was held on March ۵, ۲۰۱۶ without any outcome but in second tender in June, Visman Motor could meet all requirements to take over three companies (Andisheh Farda, Hoor Energy Investment and Fan Pardazan) which own Bahman Investment Company.

The previous owner of Bahman Investment Company transferred all their shares to Kowsar Financial and Credit Institute due to their own financial requirements and restrictions.

Kowasr, based on their general policies and obligation need to comply with rules of Central Bank of Iran decided to sell the Company by another tender.

The cash deposit to participate in tender was ۵۰ million USD, Visman Motor fully complied with all terms and conditions and their offer of ۵۵۰ Million USD could win.

Visman Motor plans to expand the Bahman Motor capacity to ۲۵۰,۰۰۰ Cars per year in ۲۰۲۲ by having a stronger relationship with current and new partners and focusing in real localization and manufacturing the quality cars which will make Iranian consumer happy.

Share transferring of all mentioned companies by signing of contract and fulfill of all legal requirements have been accomplishes on June ۲۵ and now Visman Motor will run the Bahman Group.

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