Canal Plus to enter Romanian market

The French pay-TV group Canal Plus, owned by Vivendi, will enter Romanian market following the acquisition of its European rival M7 for about EUR 1 billion from private equity firm Astorg. The acquisition would expand Canal Plus’ presence on the continent to the Netherlands, Belgium, the Czech Republic, Slovakia, Austria, Hungary and Romania, the group said in a statement cited by Reuters. M7’s annual revenues amount ...

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