Canal+ increases MultiChoice stake to 20.1%

12 Jul 2022

French broadcasting giant Groupe Canal+ has increased its stake in Johannesburg-listed MultiChoice Group, taking its position in the South African broadcaster to 20.1%. Canal+, owned by French media conglomerate Vivendi, started buying shares in MultiChoice in 2020 by acquiring 6.5% of the equity at that date; by November 2021 the French group has increased its shareholding to 15.4%. Canal+ previously disclosed that it views the stake as a financial investment.