Business

IHS Tower settles dispute with second-largest shareholder

On Tuesday, Nigeria-based cell tower operator IHS Holding Ltd and its second-largest shareholder, Wendel, announced that they have agreed on corporate governance issues.


This includes a reduction in the ownership threshold, allowing investors to nominate directors.


IHS is currently involved in a shareholder dispute with MTN Group, its largest shareholder holding a 26% stake, alongside Wendel and activist investor Blackwells Capital, over governance concerns.