Wendel approves the sale of its stake in IHS Towers to MTN

Wendel has announced its support for MTN's acquisition of IHS Towers. The offer, approved by the IHS Towers board of directors, proposes a price of $8.50 per share, representing a 36% premium over the average share price. The transaction will allow Wendel to sell its 19% stake for approximately $535 million, a 21% premium compared to the latest valuation of its net asset value. This sale is part of Wendel's strategy to refocus on private equity investments in Europe and North America. Closing is expected in 2026, subject to regulatory approvals.