Weather stake sale to proceed amid legal battle

Egyptian businessman Naguib Sawiris is pressing ahead with the sale of a 10% stake in Weather Investments to private equity despite legal wranglings involving the telecommunications holding company that will not be resolved until early next year.

Two years ago Sawiris acquired Italian mobile operator Wind through Weather in a deal worth more than €12bn ($18.7bn) from Italian utility Enel.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump