Wendel has announced its support for the offer made by a company affiliated with the MTN Group to acquire IHS Holding Limited, a move that will allow the French investment group to sell its entire 19% stake in this telecom infrastructure company.
Upon completion of the transaction, Wendel will receive approximately USD 535 million for its stake. The sale price represents a 21% premium compared to the most recent net asset value published by Wendel (September 30, 2025).
Founded in 2001, IHS Towers is one of the world's largest independent owners, operators, and builders of shared telecommunications infrastructure by number of towers, focusing exclusively on emerging markets.
Wendel has been one of the main minority shareholders in IHS since 2012 and has supported the company throughout its journey, helping it grow from around 1,000 towers in a single country to more than 37,000 towers across 7 countries.
"This divestment enables Wendel to continue refocusing its direct investment strategy, concentrating on unlisted, controlled companies located in Europe and North America," said Laurent Mignon, Chairman of the Management Board.
Wendel is an investment company specializing in long-term share acquisitions in listed and non-listed companies with leading positions in order to accelerate their growth and development.
Wendel is a shareholder of Bureau Veritas (15% owned as at December 31, 2025; certification and quality control services), Crisis Prevention Institute (CPI; 97.7%; training services), Stahl (68.1%; manufacture of chemical products for surface coating), Tarkett (25.6%; manufacture of floor coverings and sports surfaces), IHS (18.77%; mobile telecommunications infrastructure), ACAMS (97.9%; training and certifications for anti-money laundering and financial crime prevention), Scalian (81.4%; digital transformation and business process management), Globeducate (49.3%; nursery to secondary education), IK Partners (51%; investment fund) and Monroe Capital (72.1%; investment fund).
With Wendel Growth, Wendel invests via funds or directly in innovative, high-growth companies.
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