MultiChoice Launches SA Operations Overhaul Ahead of Canal+ Acquisition
According to MultiChoice, the restructuring is a key step in facilitating the Canal+ transaction, which aims to consolidate ownership and enhance compliance with South Africa’s regulatory framework.
MultiChoice Group Limited has confirmed that it has commenced the implementation of its planned reorganisation of South African operations, a move linked to the mandatory takeover offer by Groupe Canal+ .
The reorganisation, which affects the MultiChoice South Africa Holding (MCSAH) group of companies, was required as part of conditions set by the South African Competition Tribunal when it approved Canal+’s ZAR125 per share cash offer for MultiChoice. The agreements necessary to carry out the restructuring have now become unconditional, paving the way for the process to begin.
According to MultiChoice, the restructuring is a key step in facilitating the Canal+ transaction, which aims to consolidate ownership and enhance compliance with South Africa’s regulatory framework. Once the reorganisation is concluded, an updated timetable for the mandatory offer will be released.
The company also reminded shareholders of provisions in its memorandum of incorporation limiting the voting rights of foreign investors to no more than 20% of the total voting power. This measure ensures compliance with South African statutory requirements, particularly concerning broadcasting and media ownership. MultiChoice indicated that it presumes all American Depositary Shares and shareholders with non-South African addresses to be foreign, unless proven otherwise.
The MultiChoice independent board emphasized its responsibility for the accuracy of the information disclosed, reiterating that no material information has been omitted.
The announcement follows earlier updates on August 4 and August 26, 2025, which outlined the company’s plans for the reorganisation and its role in enabling the Canal+ acquisition.
