A major shareholder is objecting to the German construction giant Hochtief's plan to sell a 9.1 per cent stake in the company to Qatar investors.
Hochtief, based in Frankfurt, said on Monday it would issue 7 million new shares to Qatar Holdings for €450 million (Dh2.18 billion).
Southeastern Asset Management, Hochtief's second-largest shareholder, yesterday accused the company of giving Qatar a €266m discount 'in order to gain access to potential projects in that country'."
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