Canal+ Plans to Double Stake in MC Vision

Canal+, a subsidiary of Vivendi SE, is poised to double its stake in MC Vision from 37% to 75%, pending the necessary regulatory approvals. This strategic move is part of Canal+’s effort to strengthen its presence in the African market.

As a result of this transaction, Currimjee Jeewanjee and Co, which co-founded MC Vision alongside Canal+, will see its ownership share decrease from 53% to 25%.

Additionally, the Mauritius Broadcasting Corporation (MBC) plans to sell its 10% stake in MC Vision.

In an online article discussing the changes, it was stated that the new ownership structure “will enable MC Vision to continue meeting the audiovisual content and service needs of Mauritian households while benefiting from the support of the Canal+ group.”

Source: Defi Media