KEMMCOM Media and Communications

MTN affiliate IHS ‘fears hostile takeover’

By: myles
Published On: June 26, 2023

IHS Holding is consulting with JPMorgan Chase & Co for advice regarding an escalating standoff with its largest shareholders over how the African tower operator is run, according to people familiar with the matter.

The move comes as management fears that governance changes sought by MTN Group and Wendel, which together own about 45% of IHS, could enable a hostile takeover, said the people, who asked not to be identified because the information is private.