|
Canal+ SA completed its acquisition of the remaining interest in MultiChoice Group Ltd on Friday last week, the Johannesburg-based entertainment company said on Monday. Paris-based media and entertainment group Canal+ has paid the necessary consideration for the remaining MultiChoice shares to MultiChoice shareholders. The MultiChoice delisting will proceed on the Johannesburg Stock Exchange and A2X exchange in South Africa as planned on Wednesday. Canal+ late in October started to compulsorily acquire the remaining MultiChoice shares after crossing the 90% share ownership threshold. Canal+ plans to seek a secondary inward listing on the JSE, following acquisition of MultiChoice. MultiChoice’s exit from the two stock exchanges will conclude a process that started early in June last year. Back then, Canal+ improved its offer for MultiChoice to R 125 per share, a 67% premium to MultiChoice’s closing price of R 75 before Canal+ first approached MultiChoice investors on February 1 last year. The combined group will serve more than 40 million subscribers across nearly 70 countries in Africa, Europe and Asia. In London, Canal+ shares were down 2.0% to 250.70 pence on Monday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
