Merger and Acquisition
Merger and Acquisition
Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.
Moody's, the global rating agency, has completed the acquisition of GCR Ratings, a prominent credit rating agency in Africa, gaining full ownership. Why does it matter : GCR Ratings has a strong presence in several of Africa's most robust economies, including South Africa, Nigeria, Kenya, and Mauritius.
Merger and Acquisition
Canal+ increases MultiChoice acquisition offer to $2.9 Billion.
Vivendi SE’s Canal+ French mass media holding company has increased its offer bid to $2.9 billion for MultiChoice the African leading entertainment company. Why is this important: The African pay TV market is expected to grow consistently over the next five years; according to reports from Digital TV