Canal+ plans to announce a firm intention to buy MultiChoice shares by April 8, due to its shareholding exceeding 35%.

Canal+, a French media company, will make a firm intention to buy shares of South African pay-TV company MultiChoice by April 8. This comes after the South African Takeover Regulations Panel required Canal+ to make a firm intention announcement due to its 35.01% shareholding in MultiChoice triggering a mandatory offer requirement. Canal+ has received an extension of 25 business days for the announcement.

March 04, 2024
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