Canal+ starts trading on the Johannesburg Stock Exchange (JSE) as a secondary listing, completing a regulatory commitment linked to its acquisition of MultiChoice Group. Bloomberg reports that the French media company rises in its debut, marking the completion of the company’s multi-billion dollar acquisition of the pan-African pay-TV operator. Deadline similarly says Canal+ begins trading on the JSE on Wednesday and frames the listing as fulfilling the local regulatory conditions associated with the MultiChoice deal announced last year.
Both outlets describe the move as a secondary listing rather than a primary share listing, with the JSE entry providing access for South African investors. Deadline also highlights a “first” for the company’s home market, saying Canal+ is the first French company to list on the JSE. Overall, the reporting aligns on the timing and purpose of the listing: Canal+ enters South Africa’s main exchange following the completion of its MultiChoice acquisition-related regulatory steps.
