Get size in sight Canal+ ! According to the information Echoes InvestingCanal+ (that corresponds to Vivendi) wants to buy South Africa’s MultiChoice group. The encrypted channel also presented an offer, as confirmed in a press release: “The Canal+ group confirms this Presented to the Multiple Choice Steering Committee A letter containing a non-binding indicative offer to acquire all of the issued common shares of MultiChoice that it does not already own.’
Subsequently, Canal+ has clarified that it will make an offer of 5.19 euros per common share of MultiChoice, paid in cash. According to the group, this price represents a 40% premium compared to the stock’s closing price. MultiChoice is a South African company, DStv, a major satellite television service in 9 sub-Saharan African countries. This acquisition can be very important Canal+already present in 25 countries in Africa through 16 subsidiaries; the encrypted channel has 8 million subscribers, according to its data.
23.5 million subscribers in over 50 countries
Already the largest shareholder of the Vivendi group (30.27%), this allowed MultiChoice to gain a foothold in English and Portuguese-speaking Africa, where it now has more than 23.5 million subscribers in more than 50 countries. according to Les Echos InvestMultiple choice screens Market capitalization of 32.96 billion rand, or 1.6 billion euros (LSEG data). In the press release of the Canal+ group, the president of the management, Maxime Saada, specifies this “the potential offer, if successful, will be an important step in realizing MultiChoice’s full potential.”
In addition, “Canal+ is actively preparing its stock market listing after the announcement of split the plan of its parent company Vivendi,” said the group. That’s a project “It would allow investors to benefit from the merger of Canal+ and MultiChoice, with the ultimate goal of the Canal+ group being to acquire a listing in South Africa as well”we can still read.