Canal+ to double stake in MC Vision

Vivendi’s Canal+ plans to double its stake in MC Vision, the Mauritius-based digital Pay TV company, increasing its share from 37% to 75% to become the majority shareholder.

The move, pending regulatory approvals, is part of Canal+’s strategy to enhance its presence in Africa. Currimjee Jeewanjee and Co. will reduce its stake from 53% to 25%, and the Mauritius Broadcasting Corp. will sell its 10% share.