CANAL+ announces JSE listing following R35bn MultiChoice acquisition

A secondary inward listing will preserve South African investor access and market liquidity

- EDWARD WEST

MULTICHOICE's head-office in Randburg, Johannesburg. The African media and entertainment group has become a subsidiary of France-based global group CANAL+, but local investors can get an investment in the broader group in future through the planned local listing of and follows CANAL+ on the JSE.

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CANAL+ Groupe, the global media and entertainment group that has closed the R35 billion acquisition of MultiChoice Group (MCG), plans a secondary listing on the Johannesburg Stock exchange.

The deal that adds MultiChoice's extensive African subscriber base to CANAL+'s portfolio will see it serve more than 40 million subscribers across nearly 70 countries.

It was CANAL+'s biggest acquisition, to date, and follows the global group's listing on the London Stock Exchange in December 2024.