MultiChoice Group Limited has confirmed a further increase in shareholding by Groupe Canal+ S.A.S (Canal+), following the acquisition of additional ordinary shares in the company. The announcement, made in compliance with South Africa’s Companies Act and JSE Listings Requirements, marks another major step in Canal+’s gradual takeover of the African entertainment group.
According to the disclosure, Canal+ now holds 72.46% of MultiChoice’s issued ordinary shares after recent purchases. The company further noted that Canal+ has received additional acceptances of its ongoing mandatory offer, covering 17,954,344 MultiChoice shares. Upon settlement, Canal+’s total ownership will rise to 76.52%.
MultiChoice confirmed that it has filed the required notice with the Takeover Regulation Panel in accordance with Section 122(3)(a) of the Companies Act, ensuring full regulatory compliance with the acquisition process.
The Board of Directors of MultiChoice reaffirmed its responsibility for the accuracy of the information disclosed, stating that the details provided are complete and comply with all disclosure obligations.
The latest development strengthens Canal+’s control over Africa’s leading pay-TV provider and underscores its long-term strategy to expand across the continent’s rapidly evolving digital and entertainment markets.
Canal+, a subsidiary of French conglomerate Vivendi, has been steadily increasing its stake in MultiChoice over recent months, positioning itself to leverage the growing demand for local and digital content across Africa.
