French-based media giant Canal+ has bumped up its shareholding in South African video entertainment group MultiChoice to 40.01%.
Over the years Canal+, which had a 35% shareholding in MultiChoice, has been buying the firms shares on the open market. In a statement this morning, MultiChoice says it has received formal notification that Canal+ has acquired an additional interest in the ordinary shares of the company, such that the total interest in the ordinary shares of the company held by Canal+ now amounts to 40.01% of the company’s total ordinary shares in issue.
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