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France's Canal+ raises stake in S.Africa's MultiChoice further

France's Canal+ Group has upped its stake in Africa's largest pay-TV group MultiChoice, the South African company said on Thursday, taking it from 12% to more than 15%.

JOHANNESBURG, Sept 23 (Reuters) - France's Canal+ Group has upped its stake in Africa's largest pay-TV group MultiChoice MCGJ.J, the South African company said on Thursday, taking it from 12% to more than 15%.

Vivendi's VIV.PA Canal+ raised its stake significantly last year, sparking speculation about a possible takeover. MultiChoice said it was keeping an open mind about its relationship with the company.

It said in its statement on Thursday that it remains committed to acting in the best interests of shareholders and creating long-term value, but its policy was not to comment on individual shareholders or its relationship with them.

(Reporting by Emma Rumney Editing by Promit Mukherjee)

((Emma.Rumney@thomsonreuters.com; +27115952832;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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