The Bollore company added the transaction was on the basis of a 5.7 billion euro ($6.1 billion) enterprise value.
"The Bollore Group will remain strongly involved in Africa, notably through Canal+, and will also continue to develop on this continent its activities in many fields such as communications, entertainment, telecommunications and publishing," added the company in a statement.
The Bollore company holds 29.5% of French media company Vivendi and roughly 18% of Universal Music Group, as well as a small stake in Italian bank Mediobanca.
($1 = 0.9421 euros)
(Reporting by Sudip Kar-Gupta; Editing by David Goodman and Mark Potter)
