Groupe Canal+ ups its stake in MultiChoice

SOUTH AFRICA – MultiChoice Group has disclosed that French pay-television giant Groupe Canal+ has continued buying up its shares, doubling it to 12% in the past month. MultiChoice disclosed on 5 October that Canal+, which is owned by French media conglomerate Vivendi, had acquired 6.5% of its equity. That has now risen to 12% of the company’s total ordinary shares in issue on the Johannesburg Stock Exchange. “As a publicly held company, MultiChoice regularly engages with its strategic partners and maintains an open dialogue with the investment community. The group’s policy…

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