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Coca-Cola sells Chivita|Hollandia to UAC Plc

Ben Achi The Coca-Cola Company has announced the sale of Chivita|Hollandia section of the conglomerate, CHI Limited , to UAC of Nigeria Plc. The Management of CHI Limited announced this via a statement issued by the company’s Head of Public Affairs and Communications, Zainab Obagun, on Wednesday, July 30, 2025. Obagun stated that the transaction, which is subject to regulatory approval, supports Coca-Cola’s strategy to operate a flexible and asset-light model and focus on brands that have the greatest potential to scale. On their part, the UAC disclosed that the firm's decision is informed by their quest to see a more viable Africa. “We are pleased to announce the acquisition of Chivita|Hollandia (CHI Limited), a leading dairy and juice business in the region. “As a company with a strong presence in Africa, we are deeply committed to the continent’s growth,” said the Group Managing Director of UAC, Fola Aiyesimoju. Aiyesimoju stated that the acquisition presented sig...

Canal+ acquires MultiChoice for $3bn

Frank Musa
The French media giant, Canal+ has reportedly acquired MultiChoice Group in a $3 billion deal.

The acquisition gives Canal+ full control of MultiChoice, the parent company of pay-TV services, DStv and GOtv.

Canal+ Chief Executive Officer (CEO), Maxime Saada confirmed the acquisition via a statement issued on July 23, 2025.

However, the transaction is expected to close by October 8, 2025, pending final approval from the Independent Communications Authority of South Africa.

The total acquisition received the green light from South Africa’s Competition Tribunal on Wednesday after a long-anticipated takeover.

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The deal, valued at approximately 55 billion rand, was confirmed following months of regulatory scrutiny and negotiations.<,p> Canal+, which already held a 45.2% stake in MultiChoice, moved to acquire the remaining shares after investing €1.2 billion ($1.3 billion) since 2020.

“The approval by South Africa’s Competition Tribunal marks the final stage in the South African competition process and clears the way for us to conclude the transaction in line with our previously communicated timeline." Saada stated.

“This acquisition represents a significant step in expanding our presence across Africa, particularly in English-speaking markets.” the CEO said.

The MultiChoice Chairman, Elias Masilela also described the deal as a vote of confidence in the company’s growth strategy.

Masilela said: “The offer from Canal+ endorses MultiChoice’s 40-year track record and our compelling continental growth strategy.

“It is gratifying to note that foreign investors share our view that South Africa and Africa remain attractive growth markets.”