French media conglomerate Groupe Canal+ has increased its shareholding in DStv owner MultiChoice to 40.01%.
“Some shareholders have asked whether Canal+ might cross the 50% shareholding in this way,” MultiChoice stated. MultiChoice also reaffirmed that should Canal+ buy shares for more than R125 each, it would be obliged to increase its offer price.last month after exceeding the 35% threshold stipulated in South Africa’s Companies Act.as an independent expert to review the terms of the offer as required by South African takeover regulations.
The board comprises MultiChoice directors Deborah Klein, Dr Fatai Sanusi, Louisa Stephens, and Andrea Zappia.By close of business on 5 April 2024, Canal+ had already increased its stake from 35.01% to 36.6%.