French billionaire’s firm buys additional $47.63-million stake in DStv parent, MultiChoice
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice.
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice.
Bollore-backed Canal+ has been actively expanding in Africa.
Following the announcement of the increased offer, MultiChoice shares surged by 52 percent since the original bid on Feb. 1, with an additional 4.1-percent increase on Tuesday.
Bollore, whose wealth stems from his interests in Bollore Group, has witnessed a notable increase in his net worth, amounting to $99.1 million thus far in the year.
Bollore derives most of his wealth from his interest in Bollore Group.
Mediterranean Shipping Company’s offer is subject to the approval of regulatory and competition authorities.
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.