France’s Groupe Canal+ and its acquisition target, JSE-listed MultiChoice Group, have hinted at how they will seek to get around strict restrictions on foreign ownership of broadcasters in South Africa if their deal is given the go-ahead by shareholders.
The two companies issued a joint circular (PDF) to shareholders on Tuesday in which they set out in more detail the terms of the proposed mandatory all-cash transaction, valued at R125 per MultiChoice share.
There’s still no detailed clarity, however, on exactly how they intend to navigate the restriction, which is…
Canal+, MultiChoice hint at way around ownership rules
Technology
