Canal+ has further increased its stake in MultiChoice.
MultiChoice has notified shareholders that French media company Groupe Canal+ SA has increased its stake in the company to 20.12%.
“While the Group regularly engages investors with its strategic partners and maintains an open dialogue with the investment community, its policy is not to comment on its individual shareholders nor on its interactions with them.” Protea Capital Management senior investment analyst Richard Cheesman previously said they see opportunity, means, and motivation for Canal+ to buy a larger stake in MultiChoice.
“MultiChoice and Canal+ have monthly feedback meetings and have collaborated on some content. We view this as informal due diligence being done.”
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