MultiChoice reorganises South African operations amid Canal+ offer

MultiChoice Group will dispose of 26% economic interest in LicenceCo and 15% in Orbicom as part of a significant reorganisation of its South African operations.

PN will increase its effective Orbicom shareholding from 25% to 40%, while MCSAH will declare an extraordinary dividend of R1.375 billion.

The restructuring is driven by Canal+'s mandatory offer and foreign control compliance requirements.