In order to finance their deals in Cameroon and Cote d’Ivoire, and development in Nigeria, IHS Africa has announced the sale of 25% equity for $125m to European investment firm Wendel and its subsidiary Oranje-Nassau. This continues IHS’s efforts to raise US$400m to finance their ongoing African business development.
Wendel becomes IHS Africa’s largest shareholder. Other shareholders include infrastructure services company UBC, the founder and main promoter of IHS, and existing first tier shareholders IFC, Investec AM, FMO, ECP and Skye Bank. Management currently hold 10% of the equity in IHS
IHS Africa overview
Operations in Nigeria, Ghana, Sudan and South Sudan
Services across full tower value chain: managed services, deployment and site ownership
99.9%
