Canal+ increased its stake in MultiChoice from 30.3% to 31.7%
- The legal threshold to trigger a mandatory offer is 35%
- Canal+’s current 31.7% stake appears to exceed the 20% limit on foreign ownership of South African broadcasters
- Profit for MultiChoice rose 9.3% to R19 million
- Revenue improved 3.6% to R805.1 million
- Operating profit jumped more than 26% to R20.6 million
- Headline earnings per share grew 27.6% to 23.42 cents