Mapna Power Management (MPGZ) Plans Auction of Renewable Energy Company Stake

Mapna Iranian Power Management Group (ticker MPGZ) announced on Thursday, 22 October 2026 (30 Mehr 1405), a public auction of 38 million shares in Mapna Renewable Energy Production Company, equivalent to a 19% stake. The filing sets a base price for the entire block of 50,387,354,950,000 rials and a bidder deposit of 2,519,367,747,500 rials. Offers are due on 31 October (9 Aban), with bids to be opened at 11:00 on 1 November 2026 (10 Aban 1405).

The published terms require the buyer to pay 25% of the offered price in cash, with the rest plus annual interest of 23% over five yearly instalments. This announcement is not a completed sale or receipt of proceeds by MPGZ; a transfer depends on finding a buyer and completing the contract process.