The French-based media giant Canal+ has bumped up its shareholding in the South African video entertainment group to 40.01%.
French-based media giant Canal + has bumped up its shareholding in South African video entertainment group MultiChoice to 40.01%.
Over the years Canal+, which had a 35% shareholding in MultiChoice, has been buying the firms shares on the open market. In a statement this morning, MultiChoice says it has received formal notification that Canal+ has acquired an additional interest in the ordinary shares of the company, such that the total interest in the ordinary shares of the company held by Canal+ now amounts to 40.01% of the company’s total ordinary shares in issue.
Multichoice Video Entertainment Imtiaz Patel Takeover Regulation Panel Companies And Intellectual Property Commission
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Time is of the essence': French giant Canal+ makes formal bid for MultiChoice'Time is of the essence': French giant Canal+ makes formal bid for MultiChoice
Read more »
South African billionaire could help French media giant buy MultiChoice in R55-billion dealPatrice Motsepe is reportedly in talks with Groupe Canal+ to help them buy DStv operator MultiChoice.
Read more »
French media giant offers R54 billion in Multichoice takeover dealA newly formed independent board at MultiChoice will consider a roughly R54 billion takeover bid from French broadcaster Canal+.
Read more »
Patrice Motsepe could join Canal+ bid for MultiChoicePatrice Motsepe is in talks with Canal+ to join the multibillion-dollar bid for MultiChoice Group, sources have said.
Read more »
Billionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoiceBillionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoice
Read more »
Canal+ deal forces MultiChoice to extend Patel’s tenureMultiChoice reaches an agreement with Imtiaz Patel that will see him continue as chairman until completion of the Canal+ transaction.
Read more »