A Dubai Holding unit is battling to reinstate an initial public offering of Tunisie Telecom, in which it bought a US$2.25 billion (Dh8.26bn) stake in 2006.
Emirates International Telecommunications (EIT), an investment company that holds a 35 per cent stake in the Tunisian telecoms company, says a planned share sale was cancelled without its approval.
EIT wants the initial public offering (IPO) to be reinstated but is being opposed by Tunisia's new government, as well as a local union.
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