Exclusive – Iran's biggest cargo line looks at London IPO; thwarted so far: sources

By Jonathan Saul and Parisa Hafezi

LONDON/ANKARA Iran’s top cargo shipping company has held meetings in London to discuss a possible listing on the London Stock Exchange, but has so far been thwarted by U.S. sanctions that still scare banks off Iranian business, four Iranian and two Western sources said.

Islamic Republic of Iran Shipping Lines (IRISL) was removed from international sanctions blacklists last year

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