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Algeria shows interest in Orascom unit Djezzy

08 May 2010

Algerian finance minister, Karim Djoud has said the government will buy Orascom Telecom Holding's unit in the country if it is offered for sale, Bloomberg has reported. "The government has the right and will take 100% of Djezzy if Orascom Telecom sells its Algerian unit," the minister told reporters in parliament. The sale would allow Cairo-based Orascom to exit Algeria after a tax dispute and damage to its infrastructure in November following riots after a soccer match between Algeria and Egypt.

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