Canal+ and MultiChoice have hinted at how they will seek to get around strict foreign ownership restrictions in South Africa.
, have hinted at how they will seek to get around strict foreign ownership restrictions of broadcasters in South Africa if their deal is given the go-ahead by shareholders. to shareholders on Tuesday in which they set out in more detail the terms of the proposed mandatory all-cash transaction, valued at R125 per MultiChoice share.
MultiChoice are in the process of assessing and finalising suitable structuring options and potential transactions “Canal+ and MultiChoice are respectful of all applicable laws and regulations relating to the sectors in which they operate,” the two firms said in the joint circular.
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