French broadcasting giant Group Canal+ has increased its shareholding to 15.37% in MultiChoice, Africa’s largest pay-TV operator.
MultiChoice disclosed today that Group Canal+, which is owned by French media conglomerate Vivendi, 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 Group Canal now amounts to 15.37%.
“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 is not to comment on its individual shareholders nor on its interactions with them,” MultiChoice informed investors.
“The company remains committed to acting in the best interests of all shareholders and to create sustainable long-term shareholder value.
“As required in terms of section 122(3)(a) of the Act, MultiChoice has filed the required notice with the Takeover Regulation Panel.
“The board of directors of MultiChoice accepts responsibility for the information contained in this announcement as it relates to the company and confirms that, to the best
of its knowledge and belief, such information relating to the company is true and that this announcement does not omit anything likely to affect the importance of such information.”
Group Canal has a significant pay-TV business and a film library of more than 5 000 titles. It is headquartered in Issy-les-Moulineaux, outside Paris.
