Creeping takeover of MultiChoice — Canal+ increases ownership

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Creeping takeover of MultiChoice — Canal+ increases ownership
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Canal+ has increased its ownership in MultiChoice to 43.54%.

French media giant Groupe Canal+ has acquired 4,731,709 more shares in DStv’s parent company, bringing its total ownership in MultiChoice to 43.54%.“ Canal+ confirms that these acquisitions have already been disclosed to the Takeover Regulation Panel as required under the Companies Act and ,” it said.

The French media giant last notified the market that it had increased its MultiChoice stake to around 41.6% on Thursday, 25 April 2024. “Some shareholders have asked whether Canal+ might cross the 50% shareholding in this way,” MultiChoice said in a media statement following the disclosure.

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