French media and entertainment group CANAL+ lists on the Johannesburg Stock Exchange (JSE), making it the first French company to be admitted to the exchange. Multiple outlets report that the listing takes place on the JSE’s Main Board and is presented as a milestone for both CANAL+ and the bourse’s outreach to companies with operations across Africa.
The Mail & Guardian notes that CANAL+ is the only global media and entertainment group to have been listed on the JSE, and it describes the trading start on Wednesday. According to that report, the shares begin trading under ticker CNP, opening at R58.50 and moving to R58.80 by early afternoon. Other coverage focuses on the “first French company” status and links the event to perceptions of growing investor confidence in South Africa’s capital markets.
Across the reports, the common point is the JSE debut of CANAL+ and its role as a precedent-setting foreign listing for a French firm and a media and entertainment group.
