Canal+ Completes MultiChoice Takeover
Canal+ has confirmed it will move ahead with the compulsory acquisition of the remaining shares in MultiChoice Group after securing 94.39% of the South African pay-TV operator.
The French media group said the offer, accepted by more than 90% of MultiChoice shareholders, allows it to exercise a “squeeze-out” provision under South African company law.
- MultiChoice will become a wholly-owned subsidiary.
- Its listing on the Johannesburg Stock Exchange (JSE) will be terminated, subject to regulatory approval.
Canal+ has reiterated its commitment to undertake a secondary inward listing on the JSE, preserving South African investor access and liquidity.
The company’s primary listing will remain in London.
Author's summary: Canal+ takes over MultiChoice Group.
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