After the latest trades are implemented, Canal+ will hold an aggregate of 40.83% of the MultiChoice shares in issue.
French-based media giant Canal + has again bought more shares in South African video entertainment group MultiChoice.
On Tuesday, 16 April, Canal+ acquired 1 013 312 MultiChoice shares in on/off market transactions for an average consideration of R115.95 per MultiChoice share. “Canal+ confirms these acquisitions have already been disclosed to the Takeover Regulation Panel as required under the Companies Act No 71 of 2008 and Chapter 5 of the Companies Regulations, 2011,” says the French firm.its shareholding in MultiChoice to 40.01%.
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