Groupe Canal S.A. Canal , the media arm of Vivendi and part of French billionaire Vincent Bollores Bollore Group, has completed its mandatory takeover of Johannesburg-listed MultiChoice, marking the largest acquisition in its history and opening a new chapter under the banner of Canal Africa.
The R35 billion 2.02 billion deal, priced at R125 7.23 per share, gives Canal control of South Africas pay-TV leader. As of Sept. 19, Canal directly owned 46 percent of MultiChoice shares, with another 2.2 percent tendered. That number is expected to climb as more investors accept the offer.
South Africa remains central in both leadership and structure