Nouri Petrochemicals bought 20% of Arvand Petrochemical shares for $380,000,000

According to Energy Press, according to the announcement published by Nouri Petrochemical in Kodal, it has won the auction of 20% block of Arvand Petrochemical.
Nouri wrote in his announcement: Regarding the auction for the sale of the 20% block of Arvand Petrochemical shares, Nouri Petrochemical was announced as the winner of the auction.
According to the management value of Arvand Petrochemical, Nouri Petrochemical has purchased 20% of its shares for $380,000,000, which will pay 50% in cash and the next 50% in installments over two years.