Africa-Focused IHS Settles with Second-Largest Shareholder Wendel

JOHANNESBURG, Jan 16 (Reuters) – Africa-focused cell tower operator IHS Holding Ltd and its second largest shareholder Wendel said on Tuesday they have reached an agreement on corporate governance matters, including lowering the ownership threshold for investors to nominate directors.

IHS is embroiled in a shareholder dispute with mobile operator MTN Group (MTNJ.J), opens new tab, its largest shareholder with a 26% stake, along with the French financial investor Wendel and activist investor Blackwells Capital over governance issues.