French pay-TV group Canal Plus has denied reports that it is in negotiations to sell a stake in Expand, its show production arm, to pan-European broadcaster RTL Group.

Reacting to a story in French newspaper Le Figaro, the Vivendi Universal-owned Canal Plus commented: “Such negotiations would question the strategy and ambitions recently reiterated by StudioCanal [its production and distribution division].”

The group added that it would be writing a letter to COB, the French stock market regulator, “to dismiss any kind of ambiguity on this matter.”

News Source: Handelsblatt (Germany)