Canal+ Boosts Stake in MultiChoice Group Limited, Acquiring Over 42% of Shares

  • Canal+ acquires shares in MultiChoice Group Limited, increasing its stake to approximately 42.47% of issued shares.
  • Legal and regulatory compliance ensured throughout the acquisition process, with disclosures made to the Takeover Regulation Panel (TRP).
  • US shareholders advised to consider legal and tax implications, seek guidance from professional advisors regarding Canal+'s acquisitions.

In the realm of finance, strategic acquisitions often make headlines as they represent significant moves in the business landscape. One recent development that has caught the attention of investors and industry analysts alike is Canal+’s ongoing acquisition of shares in MultiChoice Group Limited.


Canal+, a French société anonyme, has been actively involved in the media and entertainment industry for years. Recently, the company has set its sights on expanding its presence in the broadcasting sector by acquiring shares in MultiChoice Group Limited, a prominent player in the South African market.

The Acquisition Journey

Canal+’s acquisition journey began with a joint announcement with MultiChoice Group Limited on April 8, 2024. This announcement detailed Canal+’s intention to make a mandatory offer to acquire all issued ordinary shares of MultiChoice not already owned by Canal+. Since then, Canal+ has been steadily acquiring shares in MultiChoice through a series of on/off market transactions.

Recent Acquisitions

The most recent acquisitions by Canal+ in MultiChoice Group Limited are as follows:

DateNumber of Shares AcquiredAverage Consideration per Share (ZAR)
Thursday, 25 April1,001,970118.05
Friday, 26 April630,132119.11
Monday, 29 April1,287,091119.47
Tuesday, 30 April949,198120.00

These acquisitions have significantly increased Canal+’s stake in MultiChoice Group Limited, with the company now holding approximately 42.47% of the issued shares.

Legal and Regulatory Compliance

Canal+ has ensured compliance with legal and regulatory requirements throughout the acquisition process. The acquisitions have been disclosed to the Takeover Regulation Panel (TRP) as per the Companies Act and Chapter 5 of the Companies Regulations, 2011.

Future Prospects

As Canal+ continues to acquire shares in MultiChoice Group Limited, it signals the company’s strategic vision for growth and expansion in the broadcasting industry. The ongoing acquisitions also highlight Canal+’s confidence in MultiChoice’s business prospects and potential for future success.

Impact on Shareholders

For shareholders of MultiChoice Group Limited, Canal+’s acquisitions may have implications for their investment portfolios. It’s essential for shareholders to stay informed about the developments and potential outcomes of these acquisitions.

US Shareholder Considerations

It’s important to note that for US shareholders, the acquisitions of MultiChoice Group Limited shares by Canal+ may have specific legal and tax implications. US shareholders are advised to seek guidance from their professional advisors regarding these considerations.

Forward-Looking Statements

The announcement by Canal+ also includes forward-looking statements, providing insights into the company’s future plans, strategies, and anticipated events. While these statements offer a glimpse into potential future developments, they are subject to inherent uncertainties and external factors that may impact their realization.


Canal+’s ongoing acquisition of shares in MultiChoice Group Limited is a strategic move that reflects the company’s growth ambitions in the broadcasting industry. The acquisitions have legal, financial, and regulatory implications, underscoring the complexity and significance of such transactions in the business world. As the acquisition journey continues, stakeholders and investors will closely monitor the developments and assess the long-term impact on both companies involved.