French broadcaster Canal+ has increased its stake in South African pay-TV company MultiChoice Group Ltd. to more than 30%, moving closer to a level that would trigger a mandatory offer to other shareholders.
Canal+, which is owned French billionaire Vincent Bollore’s Vivendi SE, has gradually acquired tranches of shares. It now owns 30.3% of the Johannesburg-based company, compared with 20% seven months ago, according to stock market filings, with the latest reported on Friday.
