Canal+ has increased its ownership in MultiChoice to 45.20%.
French media giant Group Canal+ has acquired a further 7,374,918 shares in DStv parent MultiChoice in the past week, bringing its total ownership of the local broadcaster to 45.20%.“ Canal+ confirms that these acquisitions have already been disclosed to the Takeover Regulation Panel as required under the Companies Act and ,” it said.
“Save as may be prohibited under the Companies Act and the Takeover Regulations, Canal+ may acquire further MultiChoice Shares after the date of this announcement whilst the Offer remains open,” it added.It has been notifying the market of its MultiChoice stock purchases through the Takeover Regulation Panel each week since the companies revealed that it
Dstv Headline Multichoice Takeover Regulation Panel (TRP) Broadcasting
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