Dey Bank to Offer 45.81% of Damavand Power Generation on Farabourse's Second Market on 3 November

In a Group B filing on Codal on Monday, 19 October 2026 (27 Mehr 1405), Dey Bank said it plans to sell 5,955,632,725 shares of Damavand Power Generation Company, equal to 45.81% of its capital, as a cash block sale on Iran Farabourse's second market. The offering day is Tuesday, 3 November 2026 (12 Aban 1405), and Farabourse issued its notice on 18 October 2026 (26 Mehr 1405). The offering is described as the "first stage". The bank's filing does not give a base price or a buyer. Selling stakes unrelated to banks' core business is part of the divestment programmes the banking system has announced under the law on removing barriers to competitive production.