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French Broadcaster Canal+ Lifts Stake in South Africa’s Multichoice

  • Canal+ stake in Multichoice increased from 20% in July 2022
  • Multichoice was spun off from Naspers and listed in early 2019

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.