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Home » Canal+ Increases Stake In MultiChoice Group, Acquires Additional Shareholding
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Canal+ Increases Stake In MultiChoice Group, Acquires Additional Shareholding

mmBy Rommy Imah6 October 2020No Comments1 Min Read
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Canal+, the French media company has acquired more stakeholding in MultiChoice Group by buying another 1.5 per cent shares in the company, bringing its total stake in the African media conglomerate to 6.5 per cent.

MultiChoice, a Johannesburg Stock Exchange (JSE) listed organisation, disclosed this on Monday in an investment statement stating: “the company remains committed to acting in the best interest of all shareholders to create sustainable long-term shareholder value.”

Canal+, owned by Vivendi, is a France-based TV and film production and distribution company with its own TV channels spanning across the movies, sports, series, and news genres.

Canal+ has been looking to create more in-road in the African TV and broadcast market.

It will be recalled that not long ago, the company bought into ROK studios – a Nigerian production company.

Analysts say that the new investment move by Groupe Canal+ SA now makes it the second-biggest shareholder in MultiChoice, only second to the Public Investment Corporation (PIC).

 

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#Canal+ #MultiChoice Group #Shareholding #Stake #Vivendi
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Rommy Imah
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Rommy Imah is Founder/Editor of Digital Times Nigeria (www.digitaltimesng.com). He has been in active journalism in over two decades with a bias for technology and business reporting. He is particularly passionate about technology and how it can be used to transform human life, businesses and services.

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