"Dubai Holding, the conglomerate owned by the ruler of Dubai, has hired Citigroup to advise on a potential sale of its remaining 26 percent stake in mobile telephone retailer Axiom Telecom, three sources aware of the plan said.
The stake is held by Dubai Holding unit Emirates International Telecommunications LLC (EIT), but the U.S. lender was hired by the holding company, which is taking the lead in the process, the sources said, speaking on condition of anonymity as the matter is not public.
An EIT spokesperson said: "Like any investment company, EIT is always evaluating exit options that are in line with its investment strategy.""
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