Iran earned 2 billion Euros off ThyssenKrupp dividends
After Ynet revealed that the Iranian government owns a 4.5% stake in the German company designing Israeli submarines, further investigation reveals that the Iranian government has earned approximately 2 billion Euros off dividends; Iranian government owns stakes in companies in 22 different countries.
The Iranian government has reportedly earned some 2 billion euros over the last decade from it shares in ThyssenKrupp, a German-based conglomerate contracted to build submarines for the Israeli Navy.
The governmet-owned Iran Foreign Investment Company (IFIC) got an 18.5 percent dividend from ThyssenKrupp in 2006, according to a report from Haaretz published 10 years ago.
In 2011, IFIC reported that it holds a 4.5 percent stake in ThyssenKrupp. Meanwhile, in an interview with The Business Year, the head of the Iranian investment firm Dr. Farhad Zargari, confirmed that the IFIC held ThyssenKrupp shares, but didn’t reveal how many.
“As the central body responsible for foreign investments for the government, the IFIC has a huge responsibility in strengthening Iran’s world economic relations,” Dr. Zargari said.
“The IFIC has investments in 22 countries on five continents. It has stakes in companies such as British Petroleum, ThyssenKrupp, Adidas, and other large multinational corporations,” Zargari said in an interview released by the IFIC a few months ago.
The IFIC has reported that its has invested $1.5 billion in foreign companies, 57 percent of which are in Europe.