Canal Plus doubles MultiChoice investment in a year

 

BY JULIAN CLOVER

 

 

Canal Plus group has again raised its stake in the South African paycaster MultiChoice.

A stock exchange filing posted by MultiChoice on Wednesday revealed the Vivendi unit has progressively raised its stake in the firm to 26% from 15% a year ago.

Its holding is now 26.26% of the Company’s total ordinary shares in issue.

“While the Group regularly engages investors and maintains an open dialogue with the investment community, its policy is not to comment on its individual shareholders nor on its interactions with them,” MultiChoice said in the statement.

In recent months Canal and MultiChoice have worked together on several local productions.

Canal remains in acquisitive mood, following the March purchase of distributor and channel operator SPI and the 2019 M7 purchase.

Culled from broadbandtvnews.com