Canal+ ( (GB:CAN) ) has issued an update.
Canal+ S.A, in collaboration with MultiChoice Group Limited, has made significant progress in its mandatory offer to acquire shares of MultiChoice. The proposed transaction involves restructuring MultiChoice to comply with South African ownership laws, with LicenceCo, a key entity, becoming majority-owned by Historically Disadvantaged Persons. This development is aimed at enhancing Broad-Based Black Economic Empowerment and maintaining MultiChoice’s operational integrity. The transaction is subject to regulatory approvals, and the involved parties have expressed optimism about the potential benefits for employees and stakeholders, ensuring continued service to subscribers and the addition of new content and technology investments.
More about Canal+
Canal+ S.A is a French company operating in the media and broadcasting industry. It provides television and digital entertainment services, focusing on delivering diverse content globally, particularly in Africa. The company aims to broaden its reach and influence in the media sector through strategic partnerships and acquisitions.
YTD Price Performance: -9.48%
Average Trading Volume: 7,994,265
Current Market Cap: £1.82B
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