Canal+, the largest shareholder in the South African television giant MultiChoice, announced on Friday that it had increased its stake to 30.27% of the capital of the operator listed in Johannesburg.
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This threshold crossing testifies to the confidence of the Canal+ Group and its shareholder Vivendi in the prospects of MultiChoice and the African continent, to which they are very attached
," said Canal+ in a press release.
Canal+, a subsidiary of the Vivendi group led by conservative billionaire Vincent Bolloré, is present in Africa in 25 countries through 15 subsidiaries, according to data from the French group.
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Its position as the largest shareholder in the South African behemoth, in which it held 6.5% of the capital in 2020, allows Vivendi to gain a foothold in English-speaking and Portuguese-speaking Africa, where MultiChoice has 22.1 million subscribers in more than 50 countries, end of September 2022.