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Canal+ and MultiChoice File for Merger Control Approval in South Africa

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Merger,Canal+,Multichoice

Canal+ and MultiChoice have officially submitted a joint merger control filing to the Competition Commission of South Africa. The proposed merger is classified as a 'large merger' under the Competition Act, requiring approval from the Competition Tribunal.

In a statement to investors, the companies said that on Monday they “made a joint merger control filing pertaining to the offer to the Competition Commission as required by the Competition Act”.

“Canal+ and MultiChoice are also engaging with the Independent Communications Authority of South Africa and other regulatory authorities.” “Given the regulatory processes underway, Canal+ and MultiChoice will provide MultiChoice shareholders with further updates and details in due course.”

 

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