Canal+ has announced its ambition to significantly increase its ownership in the Mauritian pay-TV company MC Vision. If successful, the French media giant would elevate its stake from 37% to 75%, thereby becoming the company's largest shareholder. This move signals Canal+'s strategic interest in expanding its reach within the African market, particularly given its concurrent efforts to acquire regional operator MultiChoice.
This shift in ownership structure would see Currimjee Jeewanjee and Co, the family business that founded MC Vision in 1998, reduce its holding from 53% to 25%. Furthermore, the public broadcaster Mauritius Broadcasting Corporation would completely withdraw its stake.
"This is a key strategic move for Canal+," stated [Name and Title], [Company Position] at Canal+. "MC Vision is a valuable asset, and we believe that by increasing our stake, we can help the company reach its full potential."