Key facts
- Canal+ SA has listed on the Johannesburg Stock Exchange.
- This is a secondary listing for the French media company.
- The listing follows Canal+'s acquisition of African pay-TV company MultiChoice.
Canal+ SA, a prominent French media company, has made its debut on the Johannesburg Stock Exchange. This secondary listing signifies the successful completion of Canal+'s multi-billion dollar acquisition of MultiChoice, a major African pay-TV operator. The move integrates MultiChoice into Canal+'s operations and expands its presence across the African continent. The Johannesburg listing gives local investors access to Canal+'s expanded African growth strategy. Sam Mokorosi, head of origination and deals at the JSE, discussed the significance of the listing and how it strengthens the local exchange's position as globally competitive capital market infrastructure.