The investment firm Wendel announced Wednesday evening that all the accounts of IHS, a telecom infrastructure company that represents one of Wendel’s main holdings in the unlisted, were now released.
“As of 14 November 2018, all IHS banks in Nigeria have cleared blocked accounts as a result of the ‘post-debit’ measures sent by the EFCC (Economic and Financial Crime Commission). IHS, no formal allegation or investigation has been notified to it in the context of EFCC requests, “adds Wendel.
IHS had seen its accounts frozen at the end of 2017 on order of the EFCC. Wendel had nonetheless indicated in September that the Nigerian authority had released part of the sums. After reaching $ 196.5 million at the end of June 2018, the aggregate balance of frozen accounts fell to about $ 83.9 million on August 20, specified the French company in margin of its results of the first semester.
This procedure notably delayed the IPO project of IHS and weighed on the Wendel share since the beginning of the year.
