Canal+ wants to significantly increase its ownership in the Mauritian pay-TV company MC Vision.
If it’s successful in building its stake from 37% to 75%, the Vivendi Unit will become the pay-TV company’s largest shareholder.
At the same time, Currimjee Jeewanjee and Co, the family business which established MC Vision in 1998 would reduce its holding from 53% to 25%, while public broadcaster Mauritius Broadcasting Corporation would withdraw altogether.
The move is the latest in Africa by the French media giant, which is in the process of acquiring regional operator MultiChoice.
