Canal+ has upped its stake in MultiChoice by another 3%, the South African pay platform has confirmed.
It means the French group now has a holding of more than 15%.
Parent Vivendi began raising its stake in the company last year; Canal already has a foothold in French-speaking sub-Saharan Africa.
In a statement released Thursday, MultiChoice said it remained committed to acting in the best interests of its shareholders and creating long term value.
“As a publicly held company, MultiChoice regularly engages with its strategic partners and maintains an open dialogue with the investment community.
“The group’s policy is not to comment on its individual shareholders nor on its interactions with them. The Company remains committed to acting in the best interests of all shareholders and to create sustainable long-term shareholder value.
MultiChoice has 14 million subscribers across 50 countries in the African region, with a focus on South Africa.
