Iran investment: companies beware - FT.com:
"Investors – the adventurous sort, anyway – may start thinking soon enough about companies with exposure to life after sanctions in Iran. Some relief is due early next year as international negotiations on a nuclear deal kick off: a six-month loosening of trade in petrochemicals and car parts. With Tehran’s Tedpix stock market index up 10 per cent since the relief was announced last month, Iranian investors appear to think it may be the start of something big. What about their foreign counterparts?
Even at this early stage, foreign investors have a few large numbers to frame thinking. Among carmakers, for a long-term gauge, there is the Boston Consulting Group’s forecast of 1.5m new-vehicle sales in Iran by the end of the decade. That would rank it behind only Indonesia and South Korea among non-Bric emerging nations as a market for cars. In the short term, Renault has €200m in local currency trapped in Iranian bank accounts. That would not be unwelcome on the French carmaker’s balance sheet."
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