Paris, France, October 5, 2020//-Groupe Canal+ SA announces that on September 29, 2020 it crossed the threshold of 5% of the share capital of the south-African company Multichoice Group Ltd.
Groupe Canal+ SA now holds 6.5% of the share capital of Multichoice Group Ltd. based on the number of currently outstanding shares declared by the company.
Multichoice is a south-African company, listed on the Johannesburg Stock Exchange, leader in pay-TV in Africa with approximately 19,5 million subscribers in 50 countries.
This acquisition, a long-term financial investment, demonstrates the confidence of the Canal+ group and its shareholder Vivendi in the prospects of Multichoice and the African continent to which they are attached.
In accordance with South-African stock market regulation, Multichoice Group Ltd. was notified of this crossing.
Instructively, CANAL+ Group is a leading media company and pay-TV operator. It is also a leading player in free-to-air television with three national channels, C8, CSTAR and CNEWS, and an ads sales agency.
It has a wide international footprint with a presence in Europe, Africa and Asia. CANAL+ Group totals 20.4 million subscribers worldwide, including 8.6 million in mainland France.
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