Weather Investments, chaired by Egyptian businessman Naguib Sawiris, has launched a $5 billion claim against Algeria for damage to its interest in local unit Djezzy.
Sawiris said on Monday that Algeria had "since 2008 pursued a campaign of interference and harassment which has cost Weather Investments over $5 billion in damages". He cited the attempted forced sale of all or part of Djezzy to the government.
Weather said its claim was registered with the International Centre for the Settlement of Investment Disputes (ICSID) - a member of the World Bank group.
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